Prabhudas Lilladher upgrades Oberoi Realty to Buy with a INR 2,100 target
Prabhudas Lilladher upgraded Oberoi Realty to Buy from Accumulate, citing strong pre-sales growth and a recent correction in the share price.
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what happened
According to moneycontrol.com, Prabhudas Lilladher upgraded Oberoi Realty from Accumulate to Buy. The broker's target is INR 2,100 per share, based on a DCF-based NAV SOTP valuation.
The upgrade follows sharp growth in pre-sales, driven by a strong response to the newly launched Gurugram project. The broker expects pre-sales to grow about 25% a year over FY26-28E. Support is expected from new launches, including the last phase of 360 North, faster absorption of inventory in existing projects and steady demand across the MMR market.
Annuity income is expected to hold at INR 13-14 bn by FY28E, which the broker says gives the company strong and predictable cash flow.
why it matters
The upgrade comes after a recent correction in the share price, which the broker says makes the stock more attractive. For investors, the note shows how pre-sales momentum and recurring rental income support valuations for Indian developers. It is one broker's view rather than a sector-wide event.
tags
instruments
sources
- Buy Oberoi Realty; target of Rs 2100: Prabhudas Lilladher — moneycontrol.com, 21 October 2026 at 04:03 UTC
- Buy Bajaj Finance; target of Rs 1150: Prabhudas Lilladher — moneycontrol.com, 21 October 2026 at 04:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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