{"id":136137,"date":"2024-10-11T14:04:36","date_gmt":"2024-10-11T08:34:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=136137"},"modified":"2024-10-11T17:34:11","modified_gmt":"2024-10-11T12:04:11","slug":"realty-stock-jumps-after-receiving-approval-to-raise-6000-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-after-receiving-approval-to-raise-6000-cr\/","title":{"rendered":"Realty stock jumps after company&#8217;s board approval to raise \u20b96,000 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2803543677\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a major real estate development company rose 1.4% after its board approved raising Rs. 6,000 Crore through QIP.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1714664436\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share price variations:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 69,084.43 crores, <strong>Oberoi Reality Ltd <\/strong>made an intraday high of Rs. 1911.00 representing a 1.4% increase from its previous closing price of Rs. 1885.35 per share.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for the Rise:&nbsp;<\/strong><\/h2><p>According to exchange filings, the board of <strong>Oberoi Realty Ltd<\/strong>, at its meeting held on October 10, approved raising Rs. 6,000 crore through the issuance of equity shares or other securities on a private placement basis, including the option of a qualified institutional placement (QIP).&nbsp;<\/p><p>The pricing of the offer is yet to be decided and will be determined based on prevailing market conditions and other relevant factors.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3069434797\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Developments and Collaborations:&nbsp;<\/strong><\/h2><p>In July, the company entered into an agreement for the development and redevelopment of approximately 2,576 square meters of land located on Carter Road, Bandra, Mumbai. Additionally, in May, the company entered into an agreement for the development and redevelopment of approximately 12,790 square meters of land situated in Adarsh Nagar, Worli, Mumbai.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:&nbsp;<\/strong><\/h2><p>For Q1FY25 the company reported a net profit increase of 81.72% to Rs. 584.51 crore compared to Rs. 321.64 crore in Q1FY24, while revenue from operations also marked an increase of 54.4% to Rs. 1,405.16 crore from Rs. 909.97 crore in comparison to the same period.&nbsp;<\/p><p>The stock has delivered a return of approximately 27% over the past 6 months and 65% over the past year. In FY24 the company had an ROE of 14.79% and an ROCE of 16.30%.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Oberoi Realty Ltd is a Mumbai-based Real Estate Development Company. It is focused on premium developments in residential, office space, retail, hospitality, and social infrastructure projects.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By<\/strong>: <strong>Joseph Pv\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-232501667\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a major real estate development company rose 1.4% after its board approved raising Rs. 6,000 Crore through QIP.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 69,084.43 crores, Oberoi Reality Ltd made an intraday high of Rs. 1911.00 representing a 1.4% increase from its previous closing price of Rs. 1885.35 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-136137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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