Ajmera Realty is looking good, says Rajesh Agarwal, Head of Research of Eastern Financiers.
Oberoi Realty today said it has purchased 50% stake in I-Ven Realty Ltd from private equity firm ICICI Venture.
Do not invest in DB Realty, says Sandeep Jain of Trade swift Broking.
Aashiesh Agarwaal, real estate analyst at Edelweiss, said that the developers are likely to face many issues like affordability and cost pressures once new land acquisitions become a lot more expensive after the final bill is rolled out.
Emkay Global Financial Services is bullish on Oberoi Realty and has recommended accumulate rating on the stock with a target of Rs 272 in its September 5, 2011 research report.
Morgan Stanley retains overweight on Oberoi Realty. However, they have reduced the price target to Rs 345 from Rs 370. The company remains their preferred play on the Indian property market given its strong balance sheet, preparedness to monetise its land bank, and strong brand name.
HSBC upgrades Canara Bank to overweight with a target of Rs 554. The stock has suffered a massive sell-off driven by a poor first quarter performance and waning investor confidence in banks. However, they believe that the correction may be overdone as concerns on margins and asset quality are now factored in.
Vikas Oberoi, chairman and managing director of Oberoi Realty said that the company’s sales and volume growth have remained intact and were not impacted by the macro economic factors. As far as the property demand in Mumbai is concerned, he said that the demand has remained robust in suburban Mumbai.
JPMorgan has maintained its "overweight" on Oberoi Realty but has cut its target to Rs 270.
Oberoi Realty has reported a rise of 33% (YoY) in profits for the first quarter of FY12. During the period, consolidated net profit of the company increased to Rs 106 crore as against Rs 79.8 crore in the corresponding quarter last fiscal.
The housing market is caught in a slump, but looks like its once again business-as-usual for the commercial or office space segment. Here, absorption rates are up by a whopping 30 percent in the past three months. CNBC-TV18’s Priyanka Ghosh reports.
The termination of an agreement between Oberoi Realty's joint venture partner to buy a Mumbai hotel property from V Hotels, lifted shares of tour operator Cox & Kings Ltd, an indirect stake holder in the latter, up over 14%.
Oberoi Realty Ltd said on Tuesday that an agreement signed by its joint venture partner Siddhivinayak Realties Pvt Ltd (SRPL) with V Hotels Ltd to purchase a hotel property in Mumbai has been terminated.
Jatinder Sharma of Equity Strategist has recommended buying Oberoi Realty.
Oberoi Realty touched an intraday high of Rs 243.80 and an intraday low of Rs 236.10. At 09:21 hrs the share was quoting at Rs 243.75, up Rs 8.75, or 3.72%.
The April-June quarter is unlikely to spell any cheer for real estate companies, whose stocks have been underperforming the market for a while now. Soaring interest rates have hit real estate companies on two fronts: it has pushed up their borrowing costs and at the same time, prompted many potential buyers to defer their purchases.
JPMorgan maintains an underweight call on Coal India with a target of Rs 340. JPMorgan sees increasing risk of policy uncertainty for Coal India as the coal deficit widens.
Property developer Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sale look to cut assets, its managing director said on Tuesday.
Sushil Finance is bullish on Oberoi Realty and has recommended accumulate rating on the stock with a target of Rs 298 in its May 6, 2011 research report.
Motilal Oswal is bullish on Oberoi Realty (ORL) and has recommended buy rating on the stock with a target of Rs 310 in its May 4, 2011 research report.
Prakash Diwan, Head (Institutional Business) of Networth Stock Broking, in an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, spoke about his reading of the market and gave his outlook for several stocks.
Oberoi Realty has announced its fourth quarter results. The company’s Q4 consolidated net profit was up 30% at Rs 137 crore versus Rs 105 crore.
Oberoi Realty is to announce its fourth quarter results. According to CNBC-TV18's estimates, Q4FY11 revenues are seen down 14.47% at Rs 341.17 crore versus Rs 398.7 crore, quarter-on-quarter, (QoQ).
Sushil Finance is bullish on Oberoi Realty and has recommended accumulate rating on the stock with a target of Rs 298 in its April 19, 2011 research report.
Realty shares may have been the among the worst performers for the last many months, but they may be close to bottoming out, feels brokerage house CLSA. The brokerage is bullish on DLF, Oberoi Realty and JP Infratech.