CALCULATE YOUR SIP RETURNS

Oberoi Realty Hits All-Time High of ₹2,341; Gains 10% in 2 Days

Updated on: Dec 17, 2024, 5:17 PM IST
Oberoi Realty shares hit a fresh high, gaining 10% in 2 days. With the current price at ₹2,331.15 per share as of 11:45 AM. This surge contrasts with a 1.12% drop in the Sensex.
Oberoi Realty Hits All-Time High of ₹2,341; Gains 10% in 2 Days
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Oberoi Realty share price rose by 3.9% to reach an all-time high of ₹2,341 per share on the BSE, continuing a strong upward trend. The stock has gained approximately 10% over the last 2 days, with the current price at ₹2,331.15 per share as of 11:45 AM. This surge contrasts with a 1.12% drop in the BSE Sensex. The company’s market capitalisation stands at ₹84,761.14 crore, and its 52-week high is ₹2,882.75, with a low of ₹1,268.

Company’s Strengths and Market Position

Oberoi Realty is renowned for its premium residential, commercial, and retail developments. The company’s focus on luxury and sustainable projects, combined with its strong brand in the MMR, positions it as a leader in the real estate sector.

Financial Highlights

Oberoi Realty Ltd reported a 28% year-on-year (YoY) increase in net profit to ₹589.4 crore for the second quarter ended September 30, 2024, compared to ₹456.8 crore in the same quarter last year.

The company’s revenue from operations rose by 8.4% to ₹1,320 crore, up from ₹1,217.4 crore in the previous fiscal’s corresponding quarter. At the operating level, EBITDA grew by 27.5% to ₹813.8 crore in Q2 FY25, compared to ₹638.2 crore in Q2 FY24. The EBITDA margin improved to 61.7%, up from 52.4% last year. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

About Oberoi Realty Ltd

Oberoi Realty Ltd, based in Mumbai, is part of the Oberoi Realty Group. The company develops residential, office spaces, retail, hospitality, and social infrastructure projects.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 17, 2024, 1:11 PM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers