Buy Oberoi Realty; target of Rs 275: ICICIdirect.com

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

ICICIdirect.com's report on Oberoi Realty (ORL)

"Oberoi Realty (ORL) reported Q1FY14 results that were marginally above our expectation in Q1FY14 on account of better EBITDA margins. ORL’s sales volume was dismally low at 48,960 square feet (sq ft) in Q1FY14 given the lack of inventory in Andheri and delay in new launches. ORL’s management is planning to roll out Worli in August 2013 while Mulund and Goregaon Phase III are expected to be launched in H2FY14E. While sales volume holds key for the stock price performance, we maintain BUY rating with a target price of Rs 275/share on the stock on account of attractive valuation (currently trading at 1.2x FY15 P/BV and 35 percent discount to its NAV despite the quality of land bank and cash rich balance sheet)."

"We highlight that ORL’s pick-up in sales volume for FY14E would largely depend upon the successful launches of Mulund, Worli and Goregaon (Phase III). Nonetheless, we maintain our BUY rating on the stock on account of attractive valuations. The stock is currently available at an attractive valuation of 1.2x FY15 P/BV ad 35 percent discount to its NAV despite the quality of the land bank and cash rich balance sheet. Therefore, we maintain our BUY rating with a target price of Rs 275/share," says ICICIdirect.com research report.

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.

Read More