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Hold Oberoi Realty; target of Rs 910: ICICI Direct

ICICI Direct recommended hold rating on Oberoi Realty with a target price of Rs 910 in its research report dated October 18, 2022.

October 19, 2022 / 07:59 PM IST
 
 
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ICICI Direct's research report on Oberoi Realty

Oberoi Realty (ORL) is a Mumbai-focused premium real estate developer with a presence in the residential, commercial and hospitality segments. Residential portfolio of ~15.7 mn sq ft of ongoing projects and launches provides healthy growth and cash flow visibility over the medium term.


Outlook

We maintain HOLD rating on the company. Further value accretion is expected to be seen with new foray into non MMR and society redevelopment projects. Thane launch also remains a key monitorable. We value ORL at Rs 910/share.