Oberoi Realty Limited up by 9.77% - Traders Corners | Espresso


Espresso shot of the day – Oberoi Realty Ltd up by 9.77 percent

June 03, 2021
Espresso shot of the day – Oberoi Realty Ltd up by 9.77 percent

OBEROI REALTY LTD 662.70 (+9.77 %) BSE – INE093I01010 | 3RD JUNE 2021

Their impact on life is all-encompassing, be it the comfort of a home, efficiency in the office, recreation, shopping or space to learn and grow. At Oberoi Realty Limited it is a constant quest and an abiding commitment to ensure that the relationship between these spaces and the lives ensconced in or around, feel truly enriched - enhanced by understanding what a discerning lifestyle demands. Enhancing lives is almost a cultural constant, a lens through which they envision their every project and each minute detail in it - they are committed to ensure that the experience is rewarding. Mumbai, the ever-evolving and reverberating city, is in a constant quest for spaces that can not only accommodate but also build efficiencies for its everyday flight of ambition and purpose-led growth. In the Eighties, the city witnessed a dramatic and paradigm shift in its equilibrium from the southern island towards the suburbs. New enterprises, office spaces and the highly-educated, upwardly mobile, 'red- blooded' rich demanded world-class living spaces in the emerging areas of Mumbai. It is in this backdrop that Oberoi Realty Limited took its roots, over three decades ago with a view to redefine living - delivering the cutting-edge with best global parameters to match or surpass. Over the past three decades they have built growth and high-stature through consistent high-design and quality parameters that have truly made a significant difference to ease, comfort and efficiency to lives that interact with or inhabit these spaces. They have developed over 42 projects at strategic locations across the Mumbai skyline aggregating about 11.89 million sq. ft of spaces (group entity including promoter group). With another 38 million sq. ft in the making, they have aggressive plans for upcoming projects in various parts of Mumbai and other regions.

Recent Drivers

  • On June 1, 2021, The Indian Railway Stations Development Corporation (IRSDC) said - companies such as Oberoi Realty Limited, GMR Enterprises and Adani Railways are among nine bidders for the redevelopment of Mumbai's Chhatrapati Shivaji Maharaj Terminus.
  • On May 15, 2021, Net profit of Oberoi Realty Limited rose 14.30% to Rs 286.85 crores in the quarter ended March 2021 as against Rs 250.96 crores during the previous quarter ended March 2020. 
  • On May 15, 2021, Sales of Oberoi Realty Limited rose 28.36% to Rs 790.08 crores in the quarter ended March 2021 as against Rs 615.50 crores during the previous quarter ended March 2020.
  • In the meeting held on May 14,2021, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said – The two new residential projects launched (Elysian-Tower A in Goregaon and Sky City-Tower F in Borivali) in this quarter saw an overwhelming response.
  • In the meeting held on May 14,2021, The company's board passed enabling resolutions for issue of non-convertible debentures up to an aggregate amount of Rs 1500 crores by way of private placement, in one or more tranches.
  • In the meeting held on May 14,2021, The company's board also approved issue of equity shares and/or any other securities convertible into equity for an aggregate amount not exceeding Rs 2000 crores, including premium, by way of one or more qualified institutions placement to qualified institutional buyers.
  • Oberoi Realty Limited recognised as “Most Admired Homes” by Hindustan Times Real Estate Titans.
  • Three Sixty West, Sky City, Eternia, Maxima and Commerz III emerged winners in the “Construction Health, Safety & Environment” category at CIDC Vishwakarma Awards.
  • Seasonal Taste restaurant won the “Best 24 hour premium dining restaurant” in Times food and nightlife awards.
  • Oberoi Mall recognised as “Best Shopping Centre of the Year (Metro West)” in the Business Leader of the Year awards at World leadership Congress and awards

 (Sources: Moneycontrol, Business Standard, BSE India, Business Today)

Technical Force*

  • S&P BSE200 month till date gain up by 1.15%
  • Traded on new 52-week-high value of 676.50
  • 3 months avg. volume of NSE: 5,73,791
  • Quantity traded: 1,92,020 | Deliverable quantity: 42,602 (22.19%)
  • Stock price has jumped more than 100 % from one year low level: 327.30 (June 12, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 676.50 | 52-week-low: 327.30

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Some Key Ratios (Source: BSE)

Market Cap: 24,095.92 crores

PE: 57.84

OPM%: 52.10

ROE%: 6.22

Promoters holding%: 67.70

Prev. Close: 603.70

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.