Stock To Buy, Sept 28: PL Recommends Large Cap Real Estate Stock, Soars 40% In 6-Months

Prabhudas Lilladher, in its latest report, has assigned buy call to large cap Real Estate sector play, Oberoi Realty Ltd with target price of Rs 1220 per share and suggested to keep the stop loss at Rs 1100 apiece. Current market price of Oberoi Realty share is Rs 1145.45 apiece with intraday gain of 0.69%. Oberoi Realty shares offered shareholders return of 40% in last 6 months span and soared 182% in last 3-years. Check details below:

Oberoi Realty Stock Outlook & Return: Current market price of the large cap stock is Rs 1145.45 per share on BSE. Its 52-week high price is Rs 1206.00 per share and 52-week low price is Rs 790.05 per share, respectively. The company has a market capitalisation of Rs 41,554.28 crore. In last 1-year, Oberoi Realty shares soared 27%, gained 29% in last 2-years, and rose 182% in last 3-years. Oberoi Realty stock surged 588% in last 10-years.

Oberoi Realty Financials: The company for the quarter ended announced a dip of 20% in its consolidated net profit at Rs 321.64 crore amid increased expenses with stable revenue. The Mumbai-based large cap real estate company announced its net profit at Rs 403.08 crore in the year ago period. Meanwhile, total income saw a slight dip to Rs 933.56 crore during April-June quarter as against Rs 934.81 crore in the year ago period, as per its BSE filing.

Oberoi Realty About: Oberoi Realty Ltd is a Mumbai based Real Estate Development Company. It is focused on premium developments in the residential office space retail hospitality and social infrastructure projects. In the real estate space Oberoi Realty is an established brand with an impeccable track record. Its primary aim is to build aspirational developments for its customers with distinctive designs functional aesthetics and quality finishes that translate into landmark projects through its mixed-use and single-segment developments.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.