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BOM:533273

4 stories mentioning BOM:533273Updated 55d ago

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Asia

Jefferies Adjusts Oberoi Realty's Price Target to INR1,970 from INR1,735, Keeps at Hold

Oberoi Realty (NSE:OBEROIRLTY, BOM:533273) has an average rating of overweight and mean price target of 2,027.59 Indian rupees, according to analysts polled by FactSet.

BOM:533273NSE:OBEROIRLTY
Asia

Oberoi Realty Invests Additional INR2.69 Billion in Wholly-Owned Subsidiary

Oberoi Realty (NSE:OBEROIRLTY, BOM:533273) has invested an additional 2.69 billion Indian rupees in its wholly-owned subsidiary, Centerstage Realty, through the acquisition of shares on a rights basis, according to a Tuesday filing to the Indian stock exchanges.The real estate developer acquired around 268.5 million equity shares of 10 rupees each of Centerstage.Centerstage was incorporated on June 2 as a wholly owned subsidiary of the company with an initial paid-up share capital of 100,000 rupees and is the special purpose vehicle for a development project on the railway land in Mumbai, India.The company's shares were down nearly 1% in recent trade.

BOM:533273NSE:OBEROIRLTY
Asia

Jefferies Adjusts Oberoi Realty's Price Target to INR1,735 From INR1,680, Keeps at Hold

Oberoi Realty (NSE:OBEROIRLTY, BOM:533273) has an average rating of overweight and mean price target of 1,766.89 Indian rupees, according to analysts polled by FactSet.

BOM:533273NSE:OBEROIRLTY
Asia

Larsen & Toubro's Buildings and Factories Business Bags Orders Worth Up to INR25 Billion

Larsen & Toubro (NSE:LT, BOM:500510), through its buildings and factories business vertical, has secured "significant" orders, worth 10 billion Indian rupees to 25 billion rupees, in India, according to a Thursday filing to the Indian stock exchanges.The company has bagged an order from Oberoi Realty (NSE:OBEROIRLTY, BOM:53327) to construct seven high-rise residential towers in Gurugram, India.The business vertical received an order to build a proving ground from an international company in Haryana. The facility will be aimed at boosting testing infrastructure for vehicles embedded with the latest technology.The company's shares were up nearly 1% in recent trade.

BOM:500510BOM:533273NSE:LTNSE:OBEROIRLTY

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