City Sky Financial News

04.12 / 06:33

markets Target Strategy Analysis Trade Experts Oberoi Realty shares hit record high after Nomura initiates coverage with Rs 2,500 target price

Oberoi Realty soared to a record high, climbing over 5% on Wednesday to Rs 2162.45 on the BSE after domestic brokerage Nomura initiated coverage on the company with a ‘buy’ rating and a target price of Rs 2,500, signalling a potential upside of over 15% from the current level. Nomura Institutional Equities cited robust growth drivers, including strong pre-sales momentum, rising annuity income, and strategic business development initiatives as drivers for its bullish outlook. The brokerage projects a compound annual growth rate (CAGR) of 40% in pre-sales, expecting the figure to reach Rs 11,500 crore over the next two fiscal years.

22.01 / 09:41

markets Citi Target Booking Sustainability Trade reports Oberoi Realty: Softer offtake leaves investors with little room for optimism

Subscribe to enjoy similar stories. Shares of Oberoi Realty Ltd are on a shaky ground, plummeting 13% in the past two trading sessions. The fact that sales momentum did not sustain in its marquee project Three Sixty West located at Worli in Mumbai and other projects has weighed heavily on sentiment.

15.05 / 08:53

UPS Citi security reports Oberoi Realty shares jump 7% to record high on strong Q4 results

Oberoi Realty jumped 7 percent to their record high of ₹1,629.15 apiece in intra-day deals on Wednesday, May 15, after the real estate developer posted robust earnings for the quarter ended March 2024 (Q4FY24). The Mumbai-based developer posted a 64 percent year-on-year (YoY) increase in its net profit to ₹788 crore as against ₹480.3 crore in the same quarter last fiscal. Meanwhile, its total income for the quarter under review surged 56 percent YoY to ₹1,558 crore.

24.01 / 10:41

UPS Citi FIVE reports testing Schools Cracks emerge in Oberoi Realty's pre-sales momentum

₹19,000/sq.ft. (carpet area), Oberoi Realty has sold only 9% of the launched units," said Antique Stock Broking in a report. The brokerage had expected Oberoi to sell around 25% of the launched inventory in Q3FY24.

21.11 / 11:47

Lowe's CEO Bitcoin Arkon Energy Expands Bitcoin Mining Presence With Fundraise and Hydrokraft Acquisition

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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