The occupation certificate for its ultra-luxury project in Worli has acted as a sentiment booster
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Ever since Oberoi Realty Ltd declared its June quarter (Q1FY23) earnings after market hours on Friday, shares of the Mumbai-focused company have gained 6% on NSE, despite some disappointments. Pre-sales at ₹761 crore fell 18% sequentially to a four-quarter low. Reducing inventory of ready projects, seasonality, and higher stamp duty were responsible for the muted sales bookings, analysts said. There were no project launches or business development deals during the quarter.
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