Oberoi Realty Stocks: Buy Oberoi Realty, Price Target Rs 1100: Motilal Oswal Financial Services

Motilal Oswal Financial Services has an option to buy Oberoi Realty with a price target of Rs 1100. Oberoi Realty’s current market price is Rs 933.3.

Oberoi Realty, established in 1998, is a large cap company (with a market capitalization of Rs 34045.90 crore) engaged in the real estate sector.

Oberoi Realty’s major product/revenue segments include Project Development Revenue, Lease Rentals, Hospitality Revenue and Other Operating Income for the year ended March 31, 2022.

finance
For the quarter ended 31.12.2022, the Company reported total consolidated revenue of Rs 1651.50 crore, an increase of 132.02% from total revenue of Rs 711.79 crore in the last quarter and an increase of 95.17% compared to the total return of the same quarter last year of Rs 846.19 crore . The company reported net profit after tax of Rs 688.13 crore in the last quarter.

The company’s top management includes Mr. Vikas Oberoi, Ms. Bindu Oberoi, Mr. Saumil Daru, Ms. Tina Trikha, Mr. Tilokchand P Ostwal, Mr. Venkatesh Mysore, Mr. Karamjit Singh Kalsi. The company has SRBC & Co. LLP as its auditors. As of March 31, 2023, the company has a total of 36 crore shares outstanding.

Promoter/FII holdings
Promoters owned 67.7 percent of the company as of March 31, 2023, while FIIs owned 17.77 percent and DIIs owned 12.11 percent.

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