INSUBCONTINENT EXCLUSIVE:
ICICI Direct has hold call on Oberoi Realty Ltd
with a target price of Rs 550
The current market price of Oberoi Realty Ltd
Time period given by analyst is year when Oberoi Realty Ltd
price can reach defined target
Oberoi Realty Ltd., incorporated in the year 1998, is a largecap company with a market cap of Rs 18520.21 crore, operating in the
Investment rationale by ICICI Direct: We like the company given the quality of land bank, its healthy balance sheet and management
bandwidth to execute large projects
However, the sales momentum for ORL has been sluggish
Also, the stock has run up ~41% in the last one year
Hence, we await a better entry point
Consequently, we continue to maintain our HOLD recommendation on the stock with a revised target price of Rs 550.
