Oberoi Realty shares surge nearly 3% – Know More

By Aditya Bhagchandani Published on July 23, 2024, 10:34 IST

Oberoi Realty shares surged nearly 3% in Tuesday’s trading session after brokerages increased their target prices based on the company’s improved sales performance and healthy earnings momentum.

The real estate major reported a net profit surge of nearly 82% year-on-year, reaching Rs 584.50 crore in Q1 FY25, up from Rs 321.60 crore in the same quarter of the previous fiscal year. This significant increase in net profit was driven by robust revenue growth of 54.4%, with revenues reaching Rs 1,405.20 crore compared to Rs 910 crore in the year-ago period.

As of 10:32 AM, Oberoi Realty shares were trading 2.41% higher at ₹1,786.05 on the NSE.

Oberoi Realty

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.