India's Oberoi Realty climbs most in 6 weeks on Mumbai land redevelopment deal

Oberoi Realty

30/07/2024 09:20

** Shares of real estate developer Oberoi Realty  OEBO.NS  rise as much as
3% to 1,835 rupees, highest intraday gain since June 18 
    ** OEBO entered a deal for development and redevelopment of land in Bandra
(West), Mumbai
    ** Co expects to generate a free sale component of around 40,000 square feet
from the project
    ** Average analyst rating on stock is "hold"; median PT is 1,649 rupees, a
discount of 10% to the day's high - LSEG data
    ** YTD, OEBO has gained 27.05% v/s a 40.34% climb in the Nifty realty index
 .NIFTYREAL  

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))