Invesco Global picked up equity shares worth Rs 220 crore of Oberoi Realty through open market transactions. According to the bulk data available on BSE, a total of 50,24,217 shares of Oberoi Realty were purchased by Invesco Global Small and Midcap Growth Fund.
Shares of Oberoi Realty traded 0.61 per cent down in Wednesday’s trade at 10:22 am. Around 3,79,111 shares changed hands on the counter. The stock opened at Rs 457 and touched an intraday high and low of Rs 457 and Rs 431.8, respectively, in the session so far.
The stock quoted a 52-week high of Rs 641.70 and a 52-week low of Rs 362.35.
Quarterly result
Oberoi Realty has reported 7 per cent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December despite fall in total income. For the quarter ended 31-12-2019, the company has reported consolidated sales of Rs 527.43 crore, up 7.32 per cent from last quarter sales of Rs 491.45 crore and down 0.23 per cent from last year same quarter Sales of Rs 528.62 crore.
Promoters holding
Promoters held 67.70446 per cent stake in the company as of Dec 2019. For the quarter ended Dec 2019, the company reported a net sales of Rs 527.43 crore and net profit of Rs 146.38 crore.
It quoted a price-to-earnings ratio of 26.89 and price to book value of 1.97. A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future. A P/E ratio of 40 is considered really high, a P/E ratio of 7 is considered really low, and a ratio of 14 represents the average. The average P/E for the S&P 500 has historically ranged from 13 to 15.
Oberoi Realty, incorporated in the year 1998, is a large cap company (having a market cap of Rs 15,869.42 crore) operating in the real estate sector.
Oberoi Realty key products/revenue segments include income from project development which contributed Rs 731.46 crore to sales value (71.10 per cent of total sales), lease rentals which contributed Rs 155.01 crore to sales value (15.06 per cent of total sales), income from hospitality which contributed Rs 135.14 crore to sales value (13.13 per cent of total sales) and other operating revenue which contributed Rs 7.06 crore to sales value (0.68 per cent of total sales) for the year ending 31-Mar-2019.
Source: Economic Times