Shares of Mumbai-based real estate developer Oberoi Realty Ltd. on Tuesday plunged 5.80% with the stock trading at Rs 1574.10 apiece after the firm reported its third quarter earnings.
Oberoi Realty on Monday reported a marginal increase in consolidated net profit at Rs 622.64 crore for the quarter ended December. Its net profit stood at Rs 618.38 crore in the year-ago period. The total income rose to Rs 1,561.74 crore in the third quarter of this fiscal from Rs 1,460.27 crore a year ago, according to a regulatory filing.
The company has declared a third interim dividend for 2025-26 at Rs 2 per equity share, which is 20% of the face value of equity shares of Rs 10 each. Mumbai-based Oberoi Realty is one of the leading real estate developers in the country. It focuses on the luxury housing segment.
Oberoi Realty Share Price Today
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The scrip fell as much as 5.50% to Rs 1,574.10 apiece on Tuesday. This compares to a 0.48% decline in the NSE Nifty 50 Index.
Total traded volume so far in the day stood at 0.38 times its 30-day average. The relative strength index was at 54.20
Out of 27 analysts tracking the company, 14 maintain a 'buy' rating, seven recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target of Rs 1930.33 implies a downside of 21.7%.
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