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OBEROI REALTY Gains 4%; BSE REALTY Index Up 1.2%
Wed, 24 Jul 11:21

OBEROI REALTY Gains 4%; BSE REALTY Index Up 1.2%Image source: DNY59/www.istockphoto.com

OBEROI REALTY share price has zoomed 4% and is presently trading at Rs 1,756.0.

Meanwhile, the BSE REALTY index is at 8,431.9 (up 1.2%).

Among the top gainers in the BSE REALTY index today are Sobha (up 6.3%) and PRESTIGE ESTATES (up 5.6%).

Phoenix Mill (down 4.9%) and Brigade Enterprises (down 1.1%) are among the top losers today.

Over the last one year, OBEROI REALTY has moved up from Rs 1,067.3 to Rs 1,756.0, registering a gain of Rs 688.7 (up 64.5%).

On the other hand, the BSE REALTY index has moved up from 4,299.6 to 8,431.9, registering a gain of 96.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 248.8%), PRESTIGE ESTATES (up 239.6%) and Phoenix Mill (up 121.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,213.1 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.5%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,213.1, registering a gain of 13,828.3 points (up 20.8%).

OBEROI REALTY Financial Update...

OBEROI REALTY net profit grew 82.0% YoY to Rs 5,823 million for the quarter ended June 2024, compared to a profit of Rs 3,199 million a year ago. Net sales rose 54.4% to Rs 14,052 million during the period as against Rs 9,100 million in April-June 2023.

For the year ended March 2024, OBEROI REALTY reported 1.2% increase in net profit to Rs 19,266 million compared to net profit of Rs 19,045 million during FY23. Revenue of the company grew 7.2% to Rs 44,958 million during FY24.

The current Price to earnings ratio of OBEROI REALTY, based on rolling 12 month earnings, stands at 29.3.


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