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Is Oberoi a realty laggard? The big picture hides behind the camouflage of volumes and valuations.

Is Oberoi a realty laggard? The big picture hides behind the camouflage of volumes and valuations.

Esquire by Oberoi Realty in Goregaon east, Mumbai

Image credit: oberoirealty.com

Synopsis

At a time when the Nifty Realty index is up 46% and major players such as Macrotech and Godrej are up 86% and 45%, respectively, Oberoi Realty has risen only 33%. But volumes and valuations may be camouflaging some engaging pointers.

By , ET Prime
9 mins read,
At times, stock market indicators may not be in sync with the bigger picture when it comes to niche players. Especially in a cyclical business like the realty sector. Consider this. Over the last one year, the Nifty Realty index is up 46%. Major players like Macrotech Developers and Godrej Properties are up 86% and 45%, respectively. Yet, Oberoi Realty, the realtor with the highest margins in the industry at 52%, the highest return on capital

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