Stock Market Update: Oberoi Realty share surges by 2% post Q3 results

The share price of Oberoi Realty went up by 2% in early trade this morning.

The shares of Oberoi Realty, a real estate company, surge by 2% on Monday morning in early trade. The share price hit at Rs. 929.41 per equity share with an increase of 18 points, that is, 2% on January 10.

Since the beginning of the new year, the real estate company Oberoi Realty has seen a constant increase in its stocks. The previous low in the shares of Oberoi Realty was on December 20, 2021, when the share price went down to Rs. 800.70 per unit.

Earlier, the company announced its Q3 financial results report ending December 2021. According to Stock Exchange filing, the company’s sales of booking rose to Rs. 1965 crore during the October-December quarter as compared to the last year in the same period, which was at Rs. 971 crore.

The company’s total income stood at Rs. 768.52 crore ending in September quarter 2021. Whereas, it was at Rs. 325. 28 crore last year in the same period. Also, the Profit after Tax stood at Rs. 266.59 crore as of September 2021. However, it was at 137.74 last year in the same period.

Oberoi Realty’s total revenue stood at Rs. 2,090.59 crore as compared to Rs. 2,285.99 crore the previous year, representing a decrease of 8.55%. Founded in 1980, Oberoi Realty is an Indian multinational real estate company. The company deals with the development of residential, commercial, retail and social infrastructure projects and has a market capitalization of Rs. 33,651.39 crore.

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