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Oberoi Realty slumps after muted growth in Q2 net profit

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Capital Market

Oberoi Realty tumbled 5.19% to Rs 286.95 at 9:24 IST on BSE after consolidated net profit rose 2.69% to Rs 72.44 crore on 6.05% growth in revenue to Rs 200.84 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 2 November 2015.

Meanwhile, the S&P BSE Sensex was up 90.31 points or 0.34% at 26,649.46.

On BSE, so far 6,617 shares were traded in the counter as against average daily volume of 31,000 shares in the past two weeks.

The stock hit a high of Rs 300 and a low of Rs 289.55 so far during the day.

 

Oberoi Realty is India's leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.

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First Published: Nov 03 2015 | 9:32 AM IST

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