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OBEROI REALTY Plunges 4%; BSE REALTY Index Down 1.9%
Tue, 25 Jun 12:13

OBEROI REALTY Plunges 4%; BSE REALTY Index Down 1.9%Image source: KanawatTH/www.istockphoto.com

OBEROI REALTY share price has plunged 4% and is presently trading at Rs 1,831.3.

Meanwhile, the BSE REALTY index is at 8,702.1 (down 1.9%).

Among the top losers in the BSE REALTY index today are INDIABULLS REAL EST (down 3.7%) and Brigade Enterprises (down 2.5%).

Sobha (up 2.8%) and Phoenix Mill (up 0.4%) are among the top gainers today.

Over the last one year, OBEROI REALTY has moved up from Rs 1,013.9 to Rs 1,831.3, registering a gain of Rs 817.4 (up 80.6%).

On the other hand, the BSE REALTY index has moved up from 4,117.2 to 8,702.1, registering a gain of 111.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 288.6%), PRESTIGE ESTATES (up 249.8%) and INDIABULLS REAL EST (up 155.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,559.3 (up 0.3%).

The top gainers among the BSE Sensex today are Axis Bank (up 1.8%) and Ultratech Cement (up 1.6%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,595.8 (up 0.3%). Axis Bank and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,559.3, registering a gain of 14,036.1 points (up 22.1%).

OBEROI REALTY Financial Update...

OBEROI REALTY net profit grew 86.9% YoY to Rs 7,852 million for the quarter ended March 2024, compared to a profit of Rs 4,202 million a year ago. Net sales rose 36.8% to Rs 13,148 million during the period as against Rs 9,614 million in January-March 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 34.7.


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