Oberoi Realty’s stock price jumped more than 3% following a ‘Buy’ rating and a target price of ₹2,500 initiated by Nomura. The brokerage forecasts a 21% upside from the previous close of ₹2,057. Nomura is optimistic about Oberoi Realty’s strong pre-sales growth, expecting a 40% compound annual growth rate (CAGR) from FY24 to FY27, driven by demand for premium residential projects and strategic launches.
Oberoi Realty’s high-margin residential focus, combined with an expanding hotel and annuity business, will contribute to a 35% CAGR in these segments. Nomura highlights the company’s solid cash flow projections of ₹30-40 billion annually through FY27, reinforcing its position as a leading player in the real estate sector.
Oberoi Realty’s stock opened at ₹2,099.95, with a daily high of ₹2,127.00 and a low of ₹2,087.25. The stock has reached its 52-week high of ₹2,127.00. Its 52-week low was ₹1,268.15.
As of 9:51 am, Oberoi Realty shares were trading 3.09% higher at Rs 2,124.00 on the NSE.
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