ICICI Direct has given Hold recommendation for Oberoi Realty with a target price of Rs. 910 in its research report issued on Oct 18, 2022

ICICI Direct’s research report on Oberoi Realty

Oberoi Realty (ORL) is a Mumbai-focused premium real estate developer with a presence in the residential, commercial and hospitality segments. Residential portfolio of ~15.7 mn sq ft of ongoing projects and launches provides healthy growth and cash flow visibility over the medium term.


We maintain HOLD rating on the company. Further value accretion is expected to be seen with new foray into non MMR and society redevelopment projects. Thane launch also remains a key monitorable. We value ORL at Rs 910/share.

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