Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.

Nifty faces stiff resistance at 19,500, likely to weaken further

Motilal Oswal recommended Neutral rating on Oberoi Realty with a target price of Rs 1200 in its research report dated August 01, 2023.

Neutral Oberoi Realty; target of Rs 1200: Motilal Oswal

Oberoi Realty’s Q1FY24 profits down 20% to Rs 321.64 cr; sales bookings of INR4.8bn, nil sales in 360 West, Worli. Thane launches, new tower at Elysian, Goregaon to boost FY24-25 sales bookings to INR60bn. Rental income to rise to INR11.3bn in FY25E. Key risks: weak demand, office leasing.

Oberoi Realty’s shares decline on weak Q1 results

Results Review for GAIL, Oberoi Realty, Petronet LNG, IRB Infra, HG Infra, NOCIL

Oberoi Realty sales bookings stood at Rs 480 crore in the June quarter, down 37 percent from the year-ago period and 29 percent from the previous quarter

Oberoi Realty faces downgrades amid weak pre-sales, growth concerns

The management has a constructive outlook across specialty chemicals and contract manufacturing segments. The global investment bank is bullish on the balanced business mix, resilient agrichem portfolio, new CDMO order wins, and upside levers to volumes and margins.

Hot Stocks: Brokerages on Navin Fluorine, Power Grid, PVR Inox and Oberoi Realty

Oberoi Realty expects a number of its launches to be bunched uo in the second half of the year and more units to be sold in its ultra-luxury project, Three Sixty West in the heart of Mumbai.

Oberoi Realty expects launches to be bunched in second half of FY24

In its results for Q1FY24, the company’s revenue from operations remained flat at Rs 910 crore, declining marginally by 0.32 percent.

Oberoi Realty stock trades 3% down after Q1 profit declines 20%

Oberoi Realty’s Q1 PAT down 20% YoY at ₹321 crore

Eight BSE MidCap stocks achieved new 52-week highs on the latest trading day. Godrej Properties and Oberoi Realty take the lead, accompanied by other prominent companies like Lupin and Tata Communications, reflecting positive market momentum and growth potential.

Tata Communications, Godrej Properties, 6 other midcap stocks cross new 52-week high

Several BSE 200 stocks, including APL Apollo Tubes, Canara Bank, Dr Reddy’s Laboratories, HDFC AMC, ITC, Oberoi Realty, PNB, and Polycab, reached new 52-week highs on July 20, 2023, indicating investor confidence and resilience in the face of market fluctuations. However, the data only pertains to t…

Canara Bank, Oberoi Realty among 8 stocks hit new 52-week high

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Oberoi Realty Limited is engaged in construction, real estate development and hospitality.