1. Oberoi Realty
Current price: ₹1,620
Target price: ₹1,950 in 12 months
Stop-loss: ₹1,455
Why it’s recommended: In FY25 the company recorded its highest-ever revenue, up 17.5% to ₹5,286 crore from ₹4,496 crore in FY24. Net profit grew 15.5% YoY to ₹2,225.5 crore from ₹1,927 crore. Projects income grew 12% to ₹4,106.25 crore, rental grew 48% to ₹869.39 crore, hospitality grew 9% to ₹191.89 crore, property management services grew 48% to ₹73.03 crore, and other operating income grew 180% to ₹45.71 crore.
As of FY25, the company’s commercial properties’ gross leasable area stood at 49.86 lakh sq ft., operating revenue was at ₹573.28 crore, and the occupancy rate stood at 75%. Retail properties’ gross leasable area stood at 5.3 lakh sq ft, operating revenue was ₹197.62 crore, and the occupancy rate stood at 99%.
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A total of 12,81,446 sq ft of carpet area in residential projects and 928 units were booked with a sales value of ₹5,266 crore as of FY25. Oberoi Realty brands are Elysian, Jardin, Forestville, Eternia, Enigma, Sky City, and Three Sixty West – ORL.
The company recently launched Elysian Tower D at Oberoi Garden City in Goregaon, Mumbai, which has a gross booking value of ₹970 crore for 2.1 lakh sq ft and a total saleable area of 3.25 lakh sq ft. Management anticipates a spike in launches in Q2 FY26 and Q3 FY26 and plans to launch multiple projects, including in Gurgaon, Adarsh Nagar, Pedder Road, and Tardeo.
Risk factors: The real estate sector is cyclical, and a highly fragmented market structure (because of large regional players) brings stiff competition, which plays a vital role in market share and pricing power. Any significant downturn in the industry and the overall investment climate may adversely affect the business.
2. Voltas Ltd
Current price: ₹1,267
Target price: ₹1,495 in 12 months
Stop-loss: ₹1,381
Why it’s recommended: In FY25, Voltas recorded an increase of 23.6% in total income to ₹15,737 crore, from ₹12,734 crore in FY24. Profit before tax surged 147% to ₹1,191 crore from ₹486 crore, and profit after tax surged 236.3% to ₹834 crore from ₹248 crore over the same period. This was the company’s largest profit ever. Earnings per share (EPS) for FY25 was ₹25.43, compared to ₹7.62 in the previous year.
The company operates in three major segments – unitary cooling products, electro-mechanical projects and services, and engineering products and services. It remains the market leader in both split and window airconditioners, recording a YTD market share of 19% as of March 2025.
Voltas achieved several key milestones during the year, becoming the first brand to surpass 2.5 million AC units in FY25, and the highest ever air cooler sales (in excess of 0.5 million). The commercial airconditioner business also delivered steady growth. During the year, Voltas Beko sold over a million refrigerators and established itself as the fastest-growing home appliance brand in the country, with volume growth of 56%.
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Management remains optimistic for all of Voltas’s product categories in the ongoing summer and expects demand to remain strong with positive consumer sentiment. Voltas plans to launch new products and strategic initiatives across categories this season, leveraging its strong distribution network to enhance market performance and grow market share sustainably. A continued focus on optimising manufacturing facilities and improving cost efficiencies will be key to driving profitability.
Risk factors: Voltas operates in a highly competitive industry, especially in air conditioning and cooling solutions, which could put pressure on margins and profitability. Also, since Voltas is in a capital-intensive industry, it requires continuous investment in research & development and manufacturing capacity to stay ahead of competitors and meet evolving consumer demand.
Market recap: 12 May
Indian equity markets surged following the India-Pakistan ceasefire agreement and the US China tariff thaw. The Nifty had a gap-up opening at 24,420 and hit an intraday high of 24,945 (+3.75%), marking a five-month peak and trading above both 50-DMA and 200-DMA with the RSI at 67.78.
Sensex rallied to 82,496 (+3.7%), remaining technically strong with RSI at 68.91. Nifty Bank peaked at 55,466 (+3.37%) and displayed a bullish golden cross on the daily chart, with RSI at 62.71. All RSI values remained below the overbought threshold.
Nifty IT and Nifty Metal were among the top gainers. Nifty IT hit an intraday high of 38,356, rising 2,476 points (6.45%), while Nifty Metal touched 8,926, up 506 points (5.67%). Among international markets, the US Dow Jones ended 119.07 points or 0.29% lower on Friday, but Dow Jones futures surged 940 points, or 2.28% to 42,264 as of 4pm on Monday. Asian markets also closed in the green.
Also read: Is L&T under-promising on FY26 guidance?
All sectoral indices traded in the green except for Nifty Pharma, which slipped to an intraday low of 20,576 as Trump proposed to cut prescription drug prices in the US by 30-80%. However, the index recovered to close at 21,100.35, up 0.14%, led by Mankind Pharma, Granules India, Dr. Reddy’s Laboratories, and Aurobindo Pharma.
The top gainers were travel, tourism and hospitality stocks including IndiGo, Indian Hotels, Lemon Tree, ITC Hotels, EaseMyTrip, IRCTC and SpiceJet, which surged up to 10% on the India-Pak ceasefire news.
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