Oberoi Realty share price jumps 5% to hit 52-week high on foray in Delhi-NCR real estate market
Oberoi Realty share price jumped nearly 5% to touch 52-week high of ₹1,407.15 apiece on BSE, on Monday's session, following the company's purchase of nearly 15 acres of land in Gurugram for ₹597 crore to develop a luxury housing project, marking its entry into the Delhi-NCR real estate market. Oberoi Realty shares opened at ₹1,369.25 apiece on BSE.
Oberoi Realty stock price has been on a bull run for the fourth consecutive session today. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, Oberoi Realty stock prices are in a strong uptrend and has seen vertical rally in the November month, up around 22%.
Prices may extend upmove in the near term, with any dip likely to get bought into, traders are advised to have buy on dip approach with ₹1,340 to act as support whereas ₹1,430 as next resistance. Also Read: Day trading guide for stock market today: Six stocks to buy or sell on Monday — 20th November "Exciting news! Mint is now on WhatsApp Channels
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