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Oberoi Realty Shares Fall Over 7% Despite Surge In Q3 Profit—Here’s Why

The shares of Oberoi Realty Ltd. fell over 7% on Tuesday despite the company reporting a 72% jump in net profit. Several brokerages pointed to a slowdown in project velocity and a miss on pre-sales expectations.

The real estate player’s profit rose to Rs 618.4 crore in the quarter ended December,…

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