Motilal Oswal is bullish on Oberoi Realty has recommended buy rating on the stock with a target price of Rs 628 in its research report dated May 13, 2019.
Motilal Oswal's research report on Oberoi Realty
Sales volume grew 11% YoY to 0.14msf (our estimate: 0.17msf), while sales value increased 21% YoY to INR3.2b in 4QFY19. Overall collections declined 26% YoY to INR4b. Revenue grew 66% YoY to INR5.7b (our estimate: INR5.4b). EBITDA margin shrank 1,650bp YoY to 36.6% (our estimate: 41.8%), reflecting a higher contribution from Skycity.
Thus, we reiterate our Buy rating on the stock with an SOTP-based TP of INR628/share. Our calculation captures the value emerging from the company’s existing development potential. Maintain Buy.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.