Shares of Oberoi Realty jumped over 3% in morning trade on December 16 after Spark Capital issued a triple upgrade, revising its rating to ‘Buy’ from ‘Sell’ with a target price of ₹2,700 per share.
Spark Capital noted that FY25 is likely to mark an inflection year for the real estate developer, driven by the initiation of its new launch cycle. The brokerage also highlighted strong traction in ongoing projects, projecting pre-sales to increase significantly from ₹4,000 crore in FY24 to over ₹10,000 crore by FY27.
In the annuity segment, Spark Capital emphasized the commencement of operations for two key assets, which are expected to scale up rentals to ₹1,500 crore over the next two years.
At 10:20 AM, Oberoi Realty shares were trading at ₹2,183.95, up 3.13% on the NSE.
Oberoi Realty Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 13 2024
|
₹2,129.60
|
₹2,117.70
|
-0.48%
|
|
Thu, Dec 12 2024
|
₹2,135.30
|
₹2,127.85
|
-0.31%
|
|
Wed, Dec 11 2024
|
₹2,133.00
|
₹2,134.55
|
|
|
Tue, Dec 10 2024
|
₹2,139.90
|
₹2,129.75
|
-0.47%
|
|
Mon, Dec 9 2024
|
₹2,147.45
|
₹2,139.90
|
-0.16%
|
|
Fri, Dec 6 2024
|
₹2,146.90
|
₹2,143.30
|
|
|
Thu, Dec 5 2024
|
₹2,182.00
|
₹2,130.20
|
-1.60%
|
|
Wed, Dec 4 2024
|
₹2,099.95
|
₹2,164.75
|
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
