Oberoi Realty has garnered contrasting opinions from major brokerages. Jefferies has maintained a “Hold” rating, raising the target price to Rs 1,900 from Rs 1,600, citing strong sales growth in the Worli and Goregaon projects and increasing lease rentals at Commerz offices. The Thane-Pokhran Road project’s successful opening further boosts confidence in the company’s potential.
On the other hand, Bank of America (BofA) maintains its “Underperform” rating with a target price of Rs 1,175, pointing out that while sales are improving, there are risks surrounding the deployment of capital and the addition of new projects. BofA suggests that the current elevated valuation may not be fully justified without further execution on growth initiatives.
With the stock currently trading at Rs 1,989.30, investors should weigh these divergent perspectives when making their investment decisions.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are advised to seek independent financial advice before making any investment decisions. The author and the publication are not responsible for any investment losses based on the information provided.
