HDFC Securities: Oberoi Realty’s Recovery Momentum To Continue Post Q2 
Exquisite by Oberoi Realty is a residential project located in Goregaon. Mumbai (image: Company website)

HDFC Securities: Oberoi Realty’s Recovery Momentum To Continue Post Q2 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Oberoi Realty Ltd. surprised positively as pre-sales volume recovered to 93% of Q2 FY20 level.

Booking value also rebounded to Rs 3.3 billion during the quarter (versus 3.2 billion in Q2 FY20) on higher realisation.

We expect the momentum to continue for the company, given the stamp duty cut, low-interest rate, strong brand recognition and market consolidation.

Residential launches remain on track in Borivali, Goregaon and Thane.

Besides, the company is mulling a platform to unlock value from existing commercial office space.

Click on the attachment to read the full report:

HDFC Securities Oberoi Realty Q2FY21 Results Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.