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Stock to Watch, Oberoi Realty Posts Results

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Realty major Oberoi Realty Limited on Sunday posted a 35.4 pc fall in its Q2-console net profit at Rs.138.07-Cr for the quarter ended Sept-30, 2019, as against the net profit of Rs.213.83-Cr, it reported in the year-ago period, the Company said.

The Company’s total income during the July-Sept period slipped to Rs.505.09-Cr, in relation to Rs.619.78-Cr year-ago period. It has posted a net profit of Rs138.07-Cr for the period ended Sept-30,2019 as against Rs.152.07-Cr for the period ended June 30, 2019.

Prior to results, on Friday shares of Oberoi Realty were closed in the NSE at Rs.539 as compared to the previous close of Rs.515.35. The traded volume of share for the day was 4,65,765, while the traded value was in lacs 2,486.53. The stock hit an intraday high of Rs.545 and also an intraday low of 516.809.  best intraday stock Tips from the experts.

Also, the Nifty Realty index gained 1.92% at Rs.262.80 on Friday with major gains in Oberoi Realty and Indiabulls Real Estate.

One-Year or 52-week high level of the Oberoi Realty stock price had at Rs.641.70 on 4-July 2019.

Shares of Oberoi Realty Ltd will be monitored in tomorrow’s (Tuesdays) trading session, based on Financial results. For Free stock tips  visit our website.