Oberoi Realty spurted 12.12% to Rs 195.25 at 12:33 IST on BSE after a block deal of 4.33 lakh shares was executed on BSE at Rs 180 per share at 11:13 IST.
The block deal constitutes 0.13% of Oberoi Realty's equity.
Meanwhile, the S&P BSE Sensex was up 170.59 points or 0.9% at 19,117.57.
On BSE, 4.94 lakh shares were traded in the counter as against average daily volume of 8,282 shares over the past one quarter.
The stock spurted as much as 20% at the day's high of Rs 208.95 so far during the day, which is 20% upper circuit for the counter. The stock hit a low of Rs 177 so far during the day. The stock had hit a record high of Rs 327.70 on 21 January 2013. The stock had hit a record low of Rs 158.40 on 5 August 2013.
The stock had underperformed the market over the past one month till 12 August 2013, sliding 18.26% compared with the Sensex's 5.07% fall. The scrip had also underperformed the market in past one quarter, declining 27.45% as against Sensex's 5.84% fall.
The real estate developer has equity capital of Rs 328.23 crore. Face value per share is Rs 10.
Oberoi Realty's consolidated net profit rose 1% to Rs 101.82 crore on 6.4% growth in net sales to Rs 210.33 crore in Q1 June 2013 over Q1 June 2012.
Oberoi Realty is a real estate developer headquartered in Mumbai. The company is focused
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