Oberoi Realty Ltd closes
at ₹ 327.85 with a Loss of -1.50% on 28-April-2020
with formation of a SMALL RED Candle on
Daily Price Chart.
“ Amid
the nationwide lockdown, we anticipate sales volumes would have been impacted
in Q4FY20E. Thus, we expect Oberoi' (ORL) sales volumes to de-grow 22.4% YoY to
1.12 lakh s q ft (lsf) in Q4FY20E. On the financial front, we expect topline to
de-grow 41.8% YoY to | 333.3 crore on account of lower revenue recognition
expected in Q4FY20E. Overall, we anticipate ORL net income will decline 48.0%
YoY at | 81.0 crore in Q4FY20E.
Key
Monitorable: : Progress on new launches such as Thane & Exquisite-III in
Goregaon, progress on annuity portfolio, commentary on sales volumes expected
ahead due to impact of lockdown .” Quoted
Strength : The Company is negotiating joint venture and joint
development proposals with financial institutions which have invested in
projects that are stuck due to financial mismanagement or have weaker brands
that customers are weary of.
Valuations : We are expecting that company will post PAT of Rs.81.00 Cr in Q4FY2020 with -48%
decline on YoY and -45% decline on QoQ.
Oberoi
Realty Ltd Is now Trading at X1.6 of its Value ( Last 4Quaters PAT is
considered here )
Disclaimer : We are / may going to take exposure
shortly.
The
author tracks economic, behavioural and corporate tends, hoping to gauge good
avenues of return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
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