India's Oberoi Realty rises on Q1 profit jump

Oberoi Realty

22/07/2024 05:36

** Shares of Oberoi Realty  OEBO.NS  rise 4.6% to 1,749
rupees
    ** Stock top gainer in Nifty realty index  .NIFTYREAL ,
which is down 0.6%
    ** The real estate firm posts profit rise of 82% in Q1,
aided by higher prices
    ** Revenue from operations rose ~54% Y/Y
    ** Average analyst rating is "Hold"; median PT is 1,491.5
rupees - LSEG data
    ** Stock up 22% so far this year vs ~39% climb in Nifty
realty index 

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.das@thomsonreuters.com))