NUVAMA ON OBEROI REALTY
Hold, target price ₹1,793 vs ₹2,101
Oberoi Realty (OBER) delivered pre-sales of 850 cr in Q4FY25, down 52% YoY/56% QoQ due to lack of launches during the quarter
FY25 bookings at ₹5,270 cr were up 31% YoY (its highest ever) from selling 1.3msf (up 19% YoY) across 928 units
The pace of launches and inventory liquidation Spbuh shall determine the stock's trajectory
Weakness in housing volumes has led to concerns about future sales growth and compels us to slash NAV premium to 35% from 60% earlier
Hold, target price ₹1,793 vs ₹2,101
Oberoi Realty (OBER) delivered pre-sales of 850 cr in Q4FY25, down 52% YoY/56% QoQ due to lack of launches during the quarter
FY25 bookings at ₹5,270 cr were up 31% YoY (its highest ever) from selling 1.3msf (up 19% YoY) across 928 units
The pace of launches and inventory liquidation Spbuh shall determine the stock's trajectory
Weakness in housing volumes has led to concerns about future sales growth and compels us to slash NAV premium to 35% from 60% earlier
