Best Stock to Buy for Long Term : Top Pick for September 28: PL Favors High-Capacity Real Estate Stock, Rockets 40% in Half a YearIn its most recent report, Prabhudas Lilladher has issued a ‘buy’ recommendation for the large-cap Real Estate sector player,
Oberoi Realty Ltd – Best Stock to Buy for Long Term
They have set a target price of Rs 1220 per share and advise maintaining a stop loss at Rs 1100 per share.
Currently, Oberoi Realty shares are trading at Rs 1145.45 each, registering an intraday gain of 0.69%.
Over the past 6 months, Oberoi Realty shares have delivered a remarkable return of 40%, and over the last 3 years, they have surged by an impressive 182%.
Oberoi Realty Stock Outlook & Return:
Current market price of the large cap stock is Rs 1145.45 per share on BSE. Its 52-week high price is Rs 1206.00 per share and 52-week low price is Rs 790.05 per share, respectively.
The company has a market capitalisation of Rs 41,554.28 crore. In last 1-year, Oberoi Realty shares soared 27%, gained 29% in last 2-years, and rose 182% in last 3-years. Oberoi Realty stock surged 588% in last 10-years.
For the quarter ending [mention specific date], Oberoi Realty reported a 20% decline in its consolidated net profit, which amounted to Rs 321.64 crore.
This dip was attributed to increased expenses, despite maintaining stable revenue. In the same period last year, the Mumbai-based large-cap real estate company had announced a net profit of Rs 403.08 crore.
Meanwhile, the total income also experienced a marginal decrease, recording Rs 933.56 crore in the April-June quarter.
In contrast to Rs 934.81 crore in the corresponding period of the previous year, according to the company’s filing with the BSE.
Oberoi Realty Ltd is a Real Estate Development Company based in Mumbai. The company specializes in creating premium developments encompassing residential, office, retail, hospitality, and social infrastructure projects.
In the real estate sector, Oberoi Realty has established itself as a reputable brand with a flawless track record.
Its primary objective is to construct visionary developments for its customers, characterized by unique designs, functional aesthetics, and high-quality finishes.
These attributes culminate in the creation of landmark projects, whether they are mixed-use or single-segment developments.
The stock mentioned in this article has been selected from the brokerage report of Prabhudas Lilladher.
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