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.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
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
Photo Credit: (Photo: NDTV Profit)
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%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.