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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.

First Published on May 15, 2019 01:23 pm
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