On March 12th, Trendlyne's article on Oberoi Realty noted that the real estate company was among those seeing a sharp upswing in stock markets.
OR is now the second most valuable Indian real estate company since its IPO in 2010. At the time, it was fourth in line to the Indian Realty Throne, behind HDIL, Unitech and market leader DLF, It has climbed its way to the runner up dais, with the December quarterly profit surpassing DLF and its Operating Profit Margin highest in the industry.
Coming to company basics, Oberoi Realty is a pure premium segment real estate player in Mumbai. Functioning in all major real estate streams, residential, hospitality and commercial, OBER, a Mumbai focused company, has developed 42 projects at strategic locations across Mumbai. The FII-DII holding has increased to 29.85%, a 480 basis points jump in June 2018 and has held on since, after the company raised Rs. 1200 cr by issuing 24 million equity shares through QIP route.