Oberoi Realty shares rally 6% to record high as Axis Securities initiates coverage with 'buy' rating

Oberoi Realty shares rose by as much as 6.3% on Monday, reaching a record high of Rs 2,250.65 on the BSE, after Axis Securities initiated coverage on the real estate developer with a 'buy' rating and a target price of Rs 2,560, suggesting an upside of about 14% from current levels.