Oberoi Realty Shares Hit Record High After Nomura's 'Buy' Call; Predicts 21% Upside
Oberoi Realty shares surged to a record high on Monday after Nomura initiated coverage with a "buy" rating, citing the company’s robust growth potential and strong fundamentals. The brokerage set a price target that implies a 21% upside from the current levels, bolstering investor confidence in the real estate developer. Nomura highlighted Oberoi Realty's diversified portfolio of residential, commercial, and retail projects in Mumbai as a key driver for long-term growth. The firm also emphasized the company's healthy balance sheet and its ability to generate consistent cash flows as significant strengths. The stock rallied sharply in early trading, reaching an all-time high of ₹###, reflecting growing investor optimism. Market experts attribute the surge to Nomura's favorable outlook combined with the broader recovery in the real estate sector. In its report, Nomura pointed to Oberoi Realty's pipeline of premium projects and strategic land acquisitions as key ...