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Last Updated : May 15, 2019 01:23 PM IST | Source:

Buy Oberoi Realty; target of Rs 600: ICICI Direct

ICICI Direct is bullish on Oberoi Realty has recommended buy rating on the stock with a target price of Rs 600 in its research report dated May 14, 2019.

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ICICI Direct's research report on Oberoi Realty

Oberoi Realty (ORL) clocked sales volumes growth of 10.8% YoY to 1.45 lsf with sales value of Rs 319.1 crore. Revenues grew strongly by 66.3% YoY to Rs 573.5 crore. EBITDA margin declined 16.6 percentage points YoY to 36.6% on account of higher revenue booking from low-margin Borivali projects. PAT grew 9.0% YoY to Rs 155.8 crore on account of higher topline growth.


We maintain our BUY recommendation on the stock with a target price of Rs 600/share.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on May 15, 2019 01:23 pm
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