Motilal Oswal: Oberoi Realty - Some Recovery Visible With Arrival Of Festive Season  
Labourers work at a real estate construction site in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Oberoi Realty - Some Recovery Visible With Arrival Of Festive Season  

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.

Motilal Oswal Report

For FY21, we have broadly maintained our estimates for commercial office space and hospitality of Oberoi Realty Ltd. However, we have lowered our estimates for retail due to the delay in normal operation of malls.

Moreover, we are enthused by the pickup in residential segment, and thus, have revised our estimates on the upside by 53% for FY21.

Key highlights from management commentary:

  1. Sky City Phase II (Borivali) and Exquisite III (Goregaon) are expected to be launched by end-FY21.
  2. The company has aggressive plans to monetise its annuity assets (commercial and retail) by bringing in a strategic investor.

Click on the attachment to read the full report:

Motilal Oswal Oberoi Realty Q2FY21 Result 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.