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OBEROI REALTY Plunges 3%; BSE REALTY Index Down 3.2%
Wed, 19 Jun 11:15

OBEROI REALTY share price has plunged 3% and is presently trading at Rs 1,861.0.

Meanwhile, the BSE REALTY index is at 8,720.1 (down 3.2%).

Among the top losers in the BSE REALTY index today are Sobha (down 5.3%) and Phoenix Mill (down 4.9%).

SUNTECK REALTY (up 3.4%) and MAHINDRA LIFESPACE (up 0.6%) are among the top gainers today.

Over the last one year, OBEROI REALTY has moved up from Rs 1,019.7 to Rs 1,861.0, registering a gain of Rs 841.4 (up 82.5%).

On the other hand, the BSE REALTY index has moved up from 4,179.7 to 8,720.1, registering a gain of 108.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 260.8%), PRESTIGE ESTATES (up 213.3%) and Phoenix Mill (up 133.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,225.6 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 2.9%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,490.1 (down 0.3%). Titan and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,225.6, registering a gain of 13,997.1 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 35.3.


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