Oberoi Realty shares declined by 4% after a significant equity sale by an institutional investor. The deal involved approximately 11 million shares. It was executed at a discounted price. Nomura and Antique maintained positive outlooks, while Nuvama and Motilal Oswal adopted more cautious stances. Brokerages have revised target prices based on revenue recognition and project launch expectations.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets