India's Oberoi Realty rises on residential project launch

Oberoi Realty

21/11/2023 04:31

** Shares of Oberoi Realty  OEBO.NS  up 3.3% at 1,393.15
rupees
    ** Stock on track for fifth consecutive session of gains if
trend holds
    ** Co launches a luxury residential project in Thane in
Maharashtra state
    ** Stock hit record high in previous session after foray
into National Capital Region (NCR)
    ** More than 679,000 shares traded by 9:54 a.m. IST, about
the same volume as their 30-day avg
    ** Seven brokerages rate the stock "buy" or higher, 8 "hold"
and 6 "sell" or lower; their median PT is 1,140 rupees - LSEG
data
    ** Stock up ~59% YTD vs more than 61% gain in Nifty realty
index  .NIFTYREAL 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))