Oberoi Realty rallies 15%, records sharpest intra-day gain in 6 months

On April 17, 2020, the stock had zoomed 20 per cent in intra-day trade, exchange data shows

Shares of Oberoi Realty zoomed nearly 15 per cent to Rs 446 on the BSE -- its sharpest intra-day rally in the past six months -- on Tuesday on expectation of pick-up in residential sales. Earlier, on April 17, 2020, the Mumbai-based real estate developer's stock had zoomed 20 per cent in intra-day trade, exchange data shows.

Oberoi Realty is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.

While announcing the September quarter results, on Saturday, the management said that Oberoi Realty was seeing a consolidation of demand in its favour