Oberoi Realty flying high on new launches; brokerage bullish on the stock

Analysts expect the company to maintain its growth momentum and continue to deliver strong earnings growth with new project launches

The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock.

The company’s stock price is 52 per cent in the last 12 months beating the broader market by a huge margin.

The benchmark BSE Sensex is up just 6.5 per cent during the period. The stock, however, largely underperformed at the BSE Realty Index and is up 57 per cent in the last 12 months.

Oberoi Realty closed at Rs 1349.8 per share on Monday up from Rs 888.7 a year ago on November 22,