tumbled 8.02 per cent to ₹1,522.20 on Monday afternoon, wiping out ₹4,729 crore in market capitalisation despite the Mumbai-based developer reporting stable financial results for the quarter ended December 31, 2025.
The stock opened at ₹1,616 and continued its downward slide, hitting an intraday low of ₹1,522.30. Trading volumes surged to 38.11 lakh shares, with sellers marginally outnumbering buyers at 53.02 per cent versus 46.98 per cent. The counter saw high deliverable volume at 47.33 per cent, indicating genuine selling rather than speculative trading.
The sharp decline comes despite Oberoi Realty posting consolidated revenues of ₹1,561.74 crore for Q3 FY26, up from ₹1,460.27 crore in the year-ago quarter. Profit after tax grew marginally to ₹622.50 crore from ₹617.82 crore. For the nine-month period, revenues stood at ₹4,480.56 crore with PAT at ₹1,802.96 crore.
Chairman Vikas Oberoi said India’s economic environment remained stable during the quarter, with residential demand holding steady, particularly in the luxury segment. The company’s commercial assets maintained consistent leasing activity while festive season footfalls boosted performance at Oberoi Mall and Sky City Mall.
The stock has been under pressure, declining 23.92 per cent over the past year and 10.14 per cent year-to-date, significantly underperforming the broader market. It is trading well below its 52-week high of ₹2,020 reached in January 2025.
Oberoi Realty’s investment properties portfolio showed 86 per cent occupancy across 66.67 lakh square feet of office and retail space, while its hospitality asset, The Westin Mumbai Garden City, reported 78 per cent occupancy with an average room rate of ₹17,567.