Motilal Oswal upgrades India's Oberoi Realty to 'Buy' on growth prospects
BUZZ-Motilal Oswal upgrades India's Oberoi Realty to 'Buy' on growth prospects ** Motilal Oswal upgrades Oberoi Realty OEBO.NS to "buy" from "neutral", raising target price to 2,130 rupees from 1,950 rupees
** Brokerage says six project additions in the past year, with estimated GDV of 305 bln rupees ($3.18 bln), signal a sharp acceleration in business development activity
** Says, successful entry into NCR and a strong launch pipeline across Mumbai markets support a 43% CAGR in pre-sales over FY26-FY28
** Brokerage expects strong cash generation to drive net cash of 14.7 billion rupees by FY28, supporting further project acquisitions and growth
** On the day, stock down 2.5% at 1,697.70 rupees amid broader market decline
** Avg rating of 28 analysts on stock at "buy"; median PT is 2,088 rupees - LSEG compiled data
** YTD, stock up 1.7% vs realty index's .NIFTYREAL 5.6% drop
($1 = 95.9000 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
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