India's Oberoi Realty hits record high on fundraising proposal

Lodha Developers

14/10/2024 06:14

** Oberoi Realty  OEBO.NS  rises 3.2% to a record high of
1,980 rupees; on track for fifth straight session of gains
    ** Stock top gainer on Nifty realty index  .NIFTYREAL ,
which is up 0.9%
    ** Co says it will consider raising funds through the issue
of non-convertible debentures on Oct. 16
    ** Analysts' avg rating is "hold" vs "buy" on peer Macrotech
Developers  MACE.NS ; OEBO's median PT is 1,775 rupees - LSEG
    ** Stock last up 2.8%, extending YTD gains to 37% vs
NIFTYREAL's 34% rise

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))