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    OBEROIRLTY   INE093I01010

OBEROI REALTY LIMITED

(OBEROIRLTY)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 01/19 02:47:50 am
939.5 INR   -0.22%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Indian shares snap three-day losing streak, end over 1% higher

11/01/2021 | 05:28am EST

BENGALURU, Nov 1 (Reuters) - Indian shares kicked off November on a strong note as realty and metal stocks helped benchmark indexes close more than 1% higher on Monday after three straight sessions of losses, with sentiment aided by upbeat corporate results.

The blue-chip NSE Nifty 50 index closed up 1.46% at 17,929.65, while the benchmark S&P BSE Sensex gained 1.40% to end at 60,138.46.

Both the indexes hit multiple all-time highs last month, boosting their yearly gains to more than 30%, helped by a decline in COVID-19 cases, ample liquidity, a re-opening of the economy and expectations of a strong festive season.

However, valuation concerns and heavy selling by foreign investors are now weighing on markets, pulling down the indexes more than 4% from their October highs. In just the last three sessions, the Nifty and the Sensex shed 3.3% each.

"Some relief on the earnings front is triggering (today's) rebound," said Ajit Mishra, vice president of research at Religare Broking.

"Considering the kind of valuation that we are trading at... it's prudent that the market should spend some time around the current levels before making any major directional move," Mishra added.

Out of the 30 Nifty 50 companies that have reported September-quarter results so far, 17 have beaten estimates, Refinitiv Eikon data showed.

The Nifty metal index added 3.06% on Monday, helped by a 8.8% jump in Steel Authority of India after the steelmaker posted a near eleven-fold surge in quarterly profit.

The Nifty realty index climbed 4.03%. Demand for housing and office spaces is gaining traction as the economy opens up further and the festive season starts. This was reflected in quarterly results reported by DLF and Oberoi Realty last week.

Agrochemical maker UPL was the top percentage loser on the Nifty 50, falling 2.7% after missing quarterly profit expectations.

Tata Motors closed up 0.4% ahead of its earnings report.

(Reporting by Anuron Kumar Mitra and Gaurav Dogra in Bengaluru; Editing by Ramakrishnan M, Subhranshu Sahu and Uttaresh. V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DLF LIMITED 0.48% 405.25 Delayed Quote.3.44%
OBEROI REALTY LIMITED -0.28% 939.5 Delayed Quote.9.26%
STEEL AUTHORITY OF INDIA LIMITED -1.95% 105.35 End-of-day quote.-1.68%
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Financials
Sales 2022 28 198 M 378 M 378 M
Net income 2022 10 833 M 145 M 145 M
Net Debt 2022 13 343 M 179 M 179 M
P/E ratio 2022 31,0x
Yield 2022 0,20%
Capitalization 342 B 4 591 M 4 588 M
EV / Sales 2022 12,6x
EV / Sales 2023 9,78x
Nbr of Employees 629
Free-Float 32,3%
Chart OBEROI REALTY LIMITED
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Technical analysis trends OBEROI REALTY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 941,60 INR
Average target price 907,38 INR
Spread / Average Target -3,63%
EPS Revisions
Managers and Directors
Vikas Ranvir Oberoi Chairman & Managing Director
Saumil Ashwin Daru Group CFO & Non-Independent Executive Director
Irfan Ahmed Vice President-Engineering
Bhaskar Kshirsagar Secretary & Chief Compliance Officer
Venkatesh Satyaraj Mysore Independent Non-Executive Director