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Nomura has initiated coverage on Oberoi Realty with a 'Buy' rating and a target price of ₹2,500 (implying a 21% upside from previous close of Rs 2057), underpinned by the company’s robust pre-sales trajectory and aggressive business development plans.
UBS has initiated coverage on key players in the Indian real estate sector, driven by optimism about a sustainable upcycle supported by multiple tailwinds across residential, commercial, and luxury segments. The brokerage has initiated a 'Buy' rating on DLF Ltd. and Prestige Estates Projects Ltd., while assigning a 'Neutral' rating to Oberoi Realty Ltd.
The share price of Oberoi Realty went up by 2% in early trade this morning.
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