Buy Oberoi Realty, target price Rs 965: IIFL

IIFL has buy call on Oberoi Realty with a target price of Rs 965. The current market price of Oberoi Realty Ltd. is Rs 931.55. Time period given by analyst is Intra Day when Oberoi Realty Ltd. price can reach defined target.

Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 33918.63 Crore) operating in Real Estate sector.

Oberoi Realty Ltd. key Products/Revenue Segments include Income from Project Development, Lease Rentals, Income from Hospitality and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 768.52 Crore, up 160.72 % from last quarter Total Income of Rs 294.77 Crore and up 136.26 % from last year same quarter Total Income of Rs 325.28 Crore. Company reported net profit after tax of Rs 264.81 Crore in latest quarter.

Investment Rationale
The stock has given a short term breakout with high volume.

Promoter/FII Holdings
Promoters held 67.7 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.49 per cent, DIIs 8.71 per cent.