Shares of Oberoi Realty zoomed 5 percent and hit a record high of Rs 2,164.05 after international brokerage Nomura initiated coverage with a 'buy' rating, forecasting an over 21 percent upside in the stock from Tuesday's closing level.Nomura's bullishness over Oberoi Realty stems from the company's strong growth visibility. Analysts at the brokerage expect solid pre-sales and cash generation for t...

Citi Macro Call25-50 bps CRR Cut Could Provide Modest NIM Support Of 2-3 bpsAs Proportion Of NII/PpOP, Adjustment Will Be Favorable For Lenders With Lower NIM ProfileSentimentally CRR & Repo Rate Cut Would Be Positive For Banks With Lower LCR/Stretched LDRCRR Can Be Viewed Favorable For HDFC Bank, Axis Bank, Federal Bank & Bank Of Baroda50 bps Repo Rate Cut NII Sensitivity Suggests Relatively High...

Oberoi Realty's share price advanced over 3 percent on October 21 after the company achieved Rs 1,350 crore gross bookings for a new project in the first three days.The real estate developer also posted a 29 percent rise in its consolidated net profit to Rs 589.44 crore for the second quarter of this fiscal year. Its net profit stood at Rs 456.76 crore in the year-ago period.The stock has been gai...

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NEW DELHI – Shares of Oberoi Realty added 3.7 per cent in early trade Monday as the Mumbai-based real estate player reported a 63 per cent increase in its consolidated net profit at Rs 467.53 crore for the quarter ended December. Its net profit stood at Rs 286.65 crore in the year-ago period.The counter rose to a high of Rs 926.95 against Rs 893.70 at the previous close on the National Stock Exc...