Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 November, 2014 07:14 IST
News
`Hold` Oberoi Realty; target Rs 270: ICICIdirect
Source: IRIS Exclusive | 22 Oct, 2012, 12.55PM
Comments  |  Post Comment

ICICIdirect has recommended 'Hold' on Oberoi Realty with a price target of Rs 270 as against the current market price (CMP) of Rs 269 in its report dated Oct. 22, 2012. The broking firm gave following investment rationale on the stock:

Oberoi Realty reported consolidated net sales of Rs 2.57 billion (higher by 16.6% YoY) against our expectation of Rs 2.10 billion on account of superior execution in the residential segment.

The EBITDA margin at 57% was largely in line with our estimates of 56.8%. The PAT at Rs 1.24 billion (up 11.9% YoY), was higher than our estimates of Rs 1.06 billion given the higher topline

The pre-sales volume of 1,30,094 sq ft (vs. our estimates of 1,12,146 sq ft) was higher on account of higher sales volumes from Esquire.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Oberoi Realty Limited   (Q,N,C,F)*


News
D S Kulkarni Developers standalone quarterly net up 22.93% - 31-Oct-2014 18:37
Apcotex Industries standalone quarterly net soars 2.84 times - 31-Oct-2014 18:01
National Oxygen loss widens in Jul-Sep quarter - 31-Oct-2014 17:33
Angel Broking maintains Neutral on Ambuja Cement - 31-Oct-2014 17:22
Dalmia Bharat Sugar and Industries loss narrows in Jul-Sep quarter - 31-Oct-2014 17:19
Angel Broking recommends Neutral on Union Bank - 31-Oct-2014 17:18
Angel Broking recommends Buy on M&M - 31-Oct-2014 17:14
Hatsun Agro Product standalone quarterly profit plunges 66.78% - 31-Oct-2014 17:09
NMDC standalone quarterly profit rises 18.83% - 31-Oct-2014 16:59
Igarashi Motors India standalone quarterly net falls 39.64% - 31-Oct-2014 16:55
M C S loss narrows in Jul-Sep quarter - 31-Oct-2014 16:33
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   hd5tnn into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer