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Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore.The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago period, according to the regulatory filing on Tuesday.The realty player also announced its plans to raise up to Rs 4,000 crore through the issuance of equity shares and non-convertible debentures along with a dividend of Rs 2 per share. May 23 will be the record date for the payment of the said dividend.Here’s how brokerages view the earnings:JefferiesGlobal brokerage firm Jefferies believes there was a strong response to the new launch that drove a pre-sales jump at Rs 4,000 crore and a P&L beat in the quarter. The execution is likely to remain steady as management showed focus on quality delivery. At 15%+ NAV, Jefferies finds the upside to be limited.Jefferies has maintained a ‘hold’ rating on the stock with a target price of Rs 1,341.Motilal OswalMotilal states that Oberois’ completed projects have the potential to cumulatively generate over Rs 1,500 crore of surplus cash annually, which, coupled with the scale-up in rental income, provides enough firepower to capture the business development opportunity. The domestic brokerage retained a ‘neutral’ view on the stock and increased the target to Rs 1,585.Kotak Institutional EquitiesDomestic brokerage Kotak Equities mentions that Oberoi Realty has a large inventory of completed/near-completed assets which will likely yield very healthy cash generation. Oberoi has upcoming launches which marks Oberoi’s maiden venture outside Mumbai.“We believe the CMP adequately reflects the positives, even as the company has lagged the peer set on growth in development business,” stated the KIE report.KIE has maintained a ‘reduce’ call on the stock with a revised target price of Rs 1,375.Also read: Awfis Space Solutions IPO price band fixed at Rs 364-383; offer to open on May 22The company has passed an enabling resolution for issue of non-convertible debentures up to an aggregate amount of Rs. 2000 crore by way of private placement, in one or more offerings.The shares of Oberoi Realty have given 74% returns in the last one year while gaining 28.7% in the last three months.Oberoi Realty is one of India’s leading real estate development companies, which is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Aam Aadmi Party's national convenor Arvind Kejriwal continued to maintain his silence on Thursday on the issue around the assault on Rajya Sabha MP Swati Maliwal by his aide.Addressing a press conference with Samajwadi Party's Akhilesh Yadav, Kejriwal seemingly evaded journalists' questions on the Maliwal incident. "There are other important topics as well," Yadav said, sitting next to Kejriwal.However, AAP's Sanjay Singh said that politics should not be done over the Maliwal incident."The entire country was in pain after seeing what happened in Manipur but PM Modi was silent on the issue. Prajwal Revanna raped thousands of women but PM Modi was asking for votes for Prajwal Revanna. When our wrestlers were protesting at Jantar Mantar, Swati Maliwal who was DCW chief was beaten up by Police...PM Modi remained silent on these issues. AAP is our family and has given a clear statement. BJP and PM Modi should answer all these issues that I mentioned," Singh said.— ANI (@ANI) During Kejriwal's roadshow in the Chandni Chowk constituency, some people displayed posters and raised slogans over the Delhi CM's personal assistant Bibhav Kumar allegedly misbehaving with AAP leader Maliwal.The AAP has acknowledged the incident involving Bibhav Kumar and Maliwal.Maliwal on Monday went to the Civil Lines police station and alleged that a member of the Delhi chief minister's personal staff "assaulted" her at the chief minister's official residence, police officials had said. She is yet to file a formal complaint in the matter.On Tuesday, Sanjay Singh addressed a press conference and said the incident with Maliwal was a "highly condemnable" one.Police had also visited her residence on Minto Road on Tuesday.

Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.In the entire month of May so far, the stock has closed below its resistance level.“AXISBANK showcases promising technical indicators, marked by a bullish candle formation on its daily chart from the support levels of 1106 near to its 20-Day EMA levels currently trading at 1132. The stock has also formed a bullish flag and pole pattern on daily charts indicating strength. The stock faces a minor resistance at 1150 levels. A breakthrough above this barrier could propel it towards the Fib Extension target of 1225, said Deven Mehata, analyst at Choice Broking.110166158(Source: Choice Broking)Highest outstanding OI for the seriesHighest Call OIThe highest call OI for Axis Bank stands at the strike price of Rs 1,150 (2,513), with a -140 change in the OI, followed by Rs 1,180 (2,019).Highest Put OIThe highest put OI for Axis Bank stands at the strike price of Rs 1,100 (2,239), followed by Rs 1,050 (1,689).The stock has maintained its position above key moving averages and an RSI of 58.24 underscores its positive momentum. Investors may consider initiating positions in AXISBANK, leveraging option strategies to capitalize on potential upside movements, Mehata added.Based on the above analysis and observations, Deven Mehata suggests deploying a Bull Call Spread strategy to catch the potential bullish momentum.Bull Call SpreadBull Call Spread strategy is best implemented when the outlook on the stock is not very aggressive. It is a two-leg spread strategy typically involving an ATM and an OTM option. In this strategy there is always a ‘net debit’ for the trader.110166092(Prices as of 15th May)Below is the payoff chart for the above strategy:110166079(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)