oberoi realty (Citi) Initiating at Buy: Quality Stands Out in Challenging Times

Target price of Rs287 implies 24% return; Lower risk play on Indian property; Earnings visibility backed by growing annuity stream; Superior balance sheet, ROEs and disclosures vs. peers; Mumbai pricing still a concern; Oberoi relatively better placed;
Date Rating Target Price Recommendation Price Broker house
16 May 2011 buy 287 232 Citi Report

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