Buy Oberoi Realty, target price Rs 618: Motilal Oswal

Motilal Oswal has buy call on Oberoi Realty with a target price of Rs 618. The current market price of Oberoi Realty Ltd. is Rs 581.85.

Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 21154.38 Crore) operating in Real Estate sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 316.06 Crore, up 167.80 % from last quarter Sales of Rs 118.02 Crore and down -35.69 % from last year same quarter Sales of Rs 491.45 Crore Company reported net profit after tax of Rs 136.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 35.8 per cent stake in the company as of June 30, 2020, while FIIs held 39.6 per cent, DIIs 13.2 per cent and public and others 11.3 per cent.