Oberoi Realty Ltd. remains on Nomura’s Buy list despite the brokerage trimming its target price to ₹2,000 per share, citing slower-than-expected sales velocity in the Thane region. At a current market price of ₹1,624.70, the revised target implies an upside of approximately 23%.
The target revision comes on the back of weaker performance at the company’s Jardin project in Thane and reduced near-term visibility on development plans for the Versova land parcel. Nomura flagged these concerns as reasons for the downward adjustment.
However, the brokerage continues to back Oberoi’s long-term growth story, expecting pre-sales to grow at a CAGR of nearly 30% over FY26–27, supported by a strong pipeline of upcoming launches. Nomura also remains positive on the company’s balance sheet strength and execution capabilities.
The mixed tone of the report — near-term caution offset by medium-term optimism — could keep the stock range-bound in the short term while investors await pre-sales traction from future project rollouts.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
