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Buy Sobha Ltd For Target Rs 891 - ICICI Securities FY24 sales booking guidance contingent on new launches Sobha Ltd. (SOBHA) achieved record Q1FY24 gross sales bookings of 1.39msf worth INR14.7bn (up 28% YoY in value terms), aided by the company achieving its highest-ever gross realisation of INR10,506/psf. The strong start to FY24 comes on the back of a strong FY23 operating performance where the company had clocked its best-ever annual sales performance with gross sales bookings of 5.65msf worth INR52.0bn. As per company management, dema...
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Source: ICICI Securities
15/08/2023 12:15:24 PM
Buy Sobha Ltd For Target Rs 891 - ICICI Securities Strong start to FY24, launches remain key Sobha Ltd. (SOBHA) achieved record Q1FY24 gross sales bookings of 1.39msf worth Rs14.7bn (up 28% YoY in value terms), aided by the company achieving its highest-ever gross realisation of Rs10,506/psf. The Bengaluru market clocked 0.84msf or 60% of the quarter’s volumes and 54% of sales value. The strong start to FY24 comes on the back of a strong FY23 operating performance where the company had clocked its best-ever annual sales performance w...
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Source: ICICI Securities Ltd
7/07/2023 11:57:53 AM
Buy Sobha Ltd For Target Rs 891 - ICICI Securities Strong launch pipeline to drive FY24E sales bookings   Sobha Ltd. (SOBHA) achieved record Q4FY23 gross sales bookings of 1.48msf worth Rs14.6bn (up 32% YoY in value terms) aided by the company achieving its highest ever gross realisation of Rs9,898/psf. For FY23 overall, the company had clocked its best-ever annual sales performance with gross sales bookings of 5.65msf worth Rs52.0bn. The company plans to launch 7-8msf of new projects in FY24E of which 5msf is expected to be in Ben...
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Buy Sobha Ltd For Target Rs 891 - ICICI Securities
Source: ICICI Securities Ltd
16/06/2023 12:43:59 PM
Sobha shines on reporting 26% rise in sales value during Q4FY23 Sobha is currently trading at Rs. 472.10, up by 21.85 points or 4.85% from its previous closing of Rs. 450.25 on the BSE. The scrip opened at Rs. 469.95 and has touched a high and low of Rs. 474.50 and Rs. 463.00 respectively. So far 24712 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.00 on 09-Sep-2022 and a 52 week low of Rs. 412.40 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 474...
Sobha shines on reporting 26% rise in sales value during Q4FY23
Sobha shines on reporting 26% rise in sales value during Q4FY23
Source: Accord Fintech
10/04/2023 10:48:34 AM
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities APL Apollo Tubes Ltd • The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias • The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments. • On the daily chart, the stock has confirmed “rounding bottom” formation which denotes continuation of prior uptrend • The daily and weekly strength...
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities
Source: Axis Securities Ltd
23/01/2023 12:04:27 PM
Buy Sobha Ltd For Target Rs 652 - ICICI Securities Sobha Ltd Sales momentum intact Sobha Ltd. (SOBHA) achieved Q2FY23 gross sales bookings of 1.34msf worth Rs11.6bn vs. Isec estimate of Rs11.0bn and is the best ever quarter for the company in value terms for sales bookings. While the company had earlier guided for flattish gross sales volume of ~5.0msf in FY23E (4.9msf in FY22) citing cost input pressures and rising mortgage rates, the strong start to H1FY23 had led to the company revising its FY23 guidance to 10-15% YoY volume growth a...
Buy Sobha Ltd For Target Rs 652 - ICICI Securities
Buy Sobha Ltd For Target Rs 652 - ICICI Securities
Source: ICICI Securities
10/01/2023 2:46:22 PM
Buy Sobha Ltd : Achieves highest quarterly bookings - Motilal Oswal Financial Services SOBHA released its 3QFY23 business update. Following are the key takeaways: * Sobha Ltd. reported the highest-ever quarterly bookings of INR14.2b, up 36% YoY and 14% higher than our estimate of INR12.5b. For 9MFY23, bookings stood at INR37.3b, up 35% YoY. * The strong pre-sales were driven by sustained momentum in ongoing projects and a strong response to its new towers launched at Sobha City (Gurgaon) in 3Q. Sales volume from Bengaluru declined marginally to 0.9msf (v/s 1msf+ over last...
Buy Sobha Ltd : Achieves highest quarterly bookings - Motilal Oswal Financial Services
Buy Sobha Ltd : Achieves highest quarterly bookings - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
9/01/2023 3:15:38 PM
Sobha surges on reporting 22% rise in sales value during Q3FY23 Sobha is currently trading at Rs. 581.25, up by 13.20 points or 2.32% from its previous closing of Rs. 568.05 on the BSE. The scrip opened at Rs. 563.05 and has touched a high and low of Rs. 587.55 and Rs. 563.05 respectively. So far 15725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1045.00 on 19-Jan-2022 and a 52 week low of Rs. 480.35 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 59...
Sobha surges on reporting 22% rise in sales value during Q3FY23
Sobha surges on reporting 22% rise in sales value during Q3FY23
Source: Accord Fintech
6/01/2023 11:24:52 AM
Buy Sobha Ltd Target Rs.760 - JM Financial Institutional Securities Benefitting from market buoyancy Sobha reported a healthy 2QFY23 with its highest-ever quarterly sales value of INR 11.64bn (+13% YoY; +2% QoQ) along with highest-ever price realisation of INR 8,709/sqft (+14% YoY; +3% QoQ). Sales volume came in at c.1.34msf and net operating cash flow of INR 3.61bn (+104% YoY; +93% QoQ). Sales were largely driven by 0.88msf of new launches in Bengaluru and Kerala (Thiruvananthapuram, Kochi, Thrissur and Calicut) and over 2HFY23 the management expects to b...
Buy Sobha Ltd Target Rs.760 - JM Financial Institutional Securities
Buy Sobha Ltd Target Rs.760 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
14/12/2022 12:17:27 PM
Buy Sobha Ltd Target Rs.855 - ICICI Direct Steady operational performance; healthy debt reduction Highest ever pre-sales with steady volumes and improving realizations * Sobha reported a sales volume of 1.34msf, flat both on a YoY/QoQ basis. However, on the back of 14%/3% YoY/QoQ increase in realization, the company reported its highest ever sales booking of INR11.6b, breaching its previous high of INR11.4b in 1QFY23. * The company launched three projects during the quarter with saleable area of 0.9msf, including its first pr...
Buy Sobha Ltd Target Rs.855 - ICICI Direct
Buy Sobha Ltd Target Rs.855 - ICICI Direct
Source: ICICI Direct Ltd
13/12/2022 10:09:11 AM
Buy Sobha Ltd Target Rs 750 - ICICI Direct Healthy cash flow generation, debt reduction… About the stock: Sobha Ltd (Sobha) is a leading real estate player with ongoing real estate projects with ~12.3 mn square feet (msf) of unsold saleable area and ongoing contractual projects aggregating to 4.8 msf in various stages of construction. As on Q1FY23, Sobha has delivered ~121+ msf of developable area. * Sobha has a real estate presence in 11 cities, viz. Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Kozhikode, Ko...
Buy Sobha Ltd Target Rs 750 - ICICI Direct
Buy Sobha Ltd Target Rs 750 - ICICI Direct
Source: ICICI Direct
18/11/2022 3:22:43 PM
Sobha rises despite reporting 70% fall in Q2 consolidated net profit Sobha is currently trading at Rs. 634.75, up by 0.45 points or 0.07% from its previous closing of Rs. 634.30 on the BSE. The scrip opened at Rs. 634.00 and has touched a high and low of Rs. 638.00 and Rs. 631.25 respectively. So far 3471 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1045.00 on 19-Jan-2022 and a 52 week low of Rs. 480.35 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 655....
Sobha rises despite reporting 70% fall in Q2 consolidated net profit
Sobha rises despite reporting 70% fall in Q2 consolidated net profit
Source: Accord Fintech
17/11/2022 12:53:05 PM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Sobha gains on reporting 13% rise in sales value during Q2FY23 Sobha is currently trading at Rs. 638.70, up by 7.85 points or 1.24% from its previous closing of Rs. 630.85 on the BSE. The scrip opened at Rs. 634.60 and has touched a high and low of Rs. 646.95 and Rs. 634.45 respectively. So far 4836 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1045.00 on 19-Jan-2022 and a 52 week low of Rs. 480.35 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 668....
Sobha gains on reporting 13% rise in sales value during Q2FY23
Sobha gains on reporting 13% rise in sales value during Q2FY23
Source: Accord Fintech
13/10/2022 11:26:38 AM
Buy Sobha Ltd For Target Rs.808 - ICICI Securities Sobha Ltd. (SOBHA) achieved Q2FY23 gross sales bookings of 1.34msf worth Rs11.6bn vs. Isec estimate of Rs11.0bn and is the best ever quarter for the company in value terms for sales bookings. While the company had earlier guided for flattish gross sales volume of ~5.0msf in FY23E (4.9msf in FY22) citing cost input pressures and rising mortgage rates, the strong start to FY23 had led to the company revising its FY23 guidance to 10-15% YoY volume growth and 15-20% YoY value growth. Given the st...
Buy Sobha Ltd For Target Rs.808 - ICICI Securities
Buy Sobha Ltd For Target Rs.808 - ICICI Securities
Source: ICICI Securities Ltd
12/10/2022 1:18:29 PM
Hold Sobha Ltd For Target Rs.735 - ICICI Direct New launches drive sales volumes About the stock: Sobha Ltd (Sobha) is a leading real estate player with ongoing real estate projects with ~13.5 mn sq feet (msf) of unsold saleable area and ongoing contractual projects aggregating to 3.1 msf in various stages of construction. As on Q1FY23, the company has delivered ~120+ msf of developable area. * It has a real estate presence in 10 cities, viz. Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Kozhikode, Kochi, Gift City and My...
Hold Sobha Ltd For Target Rs.735 - ICICI Direct
Hold Sobha Ltd For Target Rs.735 - ICICI Direct
Source: ICICI Direct Ltd
26/09/2022 4:23:16 PM
Buy Sobha Ltd For Target Rs.710- JM Financial Institutional Securities Ltd Launch heavy quarter; Land monetisation aids debt reduction Sobha reported a healthy 1QFY23 with sales volumes of c.1.36msf (highest ever quarterly sales volume) and net operating cash flow of INR 1.58bn (+26% YoY; fell 59% QoQ). Sales were largely driven by 2.02msf of new launches in Bangalore and over FY23 management expects to sustain the sales run-rate with c.2-3msf of additional planned launches. On the cash flows front, given the existing sales velocity, INR 5bn of annual gross surpl...
Buy Sobha Ltd For Target Rs.710- JM Financial Institutional Securities Ltd
Buy Sobha Ltd For Target Rs.710- JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
15/08/2022 9:49:44 AM
Buy Sobha Ltd For Target Rs.744 - ICICI Securities Sobha Ltd. (SOBHA) achieved Q1FY23 gross sales bookings of 1.36msf worth Rs11.5bn vs. Isec estimate of Rs10.5bn and is the best ever quarter for the company in terms of sales bookings. While the company had earlier guided for flattish gross sales volume of ~5.0msf in FY23E (4.9msf in FY22) citing cost input pressures and rising mortgage rates, the strong start to FY23 on the back of three new project launches in Bengaluru is encouraging. We currently model for FY23E and FY24E sales booking va...
Buy Sobha Ltd For Target Rs.744 - ICICI Securities
Buy Sobha Ltd For Target Rs.744 - ICICI Securities
Source: ICICI Securities Ltd
9/07/2022 10:36:00 AM
Buy Sobha Ltd For Target Rs.902 - ICICI Securities Sales momentum sustains As per Sobha’s Q4FY22 operations update, the company has achieved gross sales bookings of 1.34msf worth Rs11.1bn which were flat on YoY and QoQ basis in volume terms and up 4% YoY and 6% QoQ in value terms aided by the company achieving its highest ever gross realisation of Rs8,265/psf. The Bengaluru market was again the key contributor with sales volumes of 0.93msf and contributed 69% of the total volumes followed by Gurugram which accounted for 17% of volume...
Buy Sobha Ltd For Target Rs.902 - ICICI Securities
Buy Sobha Ltd For Target Rs.902 - ICICI Securities
Source: ICICI Securities Ltd
18/04/2022 2:39:21 PM
Buy Sobha Ltd For Target Rs.902 - ICICI Securities Well poised for growth We recently hosted Mr. Jagadish Nangineni, the newly appointed Managing Director (MD) of Sobha Ltd. (SOBHA) for an interaction with investors. Mr. Nangineni has been elevated to the role of MD effective 14th Mar’22 and served as the Deputy MD of the company prior to his elevation. He brings ~20 years of experience in the field of real estate and has been associated with the company since 2009, overseeing its operations in Ahmedabad, Chennai, Gurugram and Pune r...
Buy Sobha Ltd For Target Rs.902 - ICICI Securities
Buy Sobha Ltd For Target Rs.902 - ICICI Securities
Source: ICICI Securities Ltd
31/03/2022 12:31:33 PM
Buy Sobha Ltd For Target Rs.970 - JM Financial Services Momentum sustained in residential segment Sobha reported a strong 3QFY22 with highest ever quarterly sales volume of c.1.32msf (+17% YoY; down 2% QoQ) while Sobha share of sales stood at INR 9.08bn (+34% YoY; +6% QoQ) at an average price realization of INR 7,920psf (+1% YoY; +4% QoQ). Bangalore remained the mainstay for sales and contributed c.72% of sales volumes (0.96msf; +22% YoY; +20% QoQ) in 3QFY22 largely led by sustenance sales. During the quarter, ‘Sobha Avalon’, a resi...
Buy Sobha Ltd For Target Rs.970 - JM Financial Services
Buy Sobha Ltd For Target Rs.970 - JM Financial Services
Source: JM Financial Services Ltd
1/03/2022 11:04:32 AM
Buy Sobha Ltd For Target Rs.1,132 - Edelweiss Financial Services Q3FY22 sales: Building on performance Sobha continued its strong sales performance, clocking ~1.32msf presales in Q3FY22, (up 17% YoY but down just 2% QoQ). By value, sales (company’s share) were INR9.1bn, its best-ever for a quarter (up 34% YoY/6% QoQ). Realisations edged up 1% YoY/4% QoQ to INR7,920/sft. YTD, sales volumes are up 33% YoY while Sobha’s share of sales is up 46% YoY. The company launched one project spanning ~0.3msf during the quarter (~1.5msf in 9mFY22). Wit...
Buy Sobha Ltd For Target Rs.1,132 - Edelweiss Financial Services
Buy Sobha Ltd For Target Rs.1,132 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
15/01/2022 11:10:00 AM
Hold Sobha Ltd For Target Rs.887 - ICICI Securities On a strong footing As per Sobha’s Q3FY22 operations update, the company has achieved gross sales bookings of 1.32msf worth Rs10.5bn (Isec estimate of Rs9.9bn) which were up 17% YoY in volume terms and 18% YoY in value terms driven by Bengaluru, Gurugram and Pune markets. While Q1FY22 saw a muted performance owing to the second Covid wave across India, the strong performance in Q2FY22 and Q3FY22 (best ever quarters for sales bookings) reflects the strong demand in South India driven ...
Hold Sobha Ltd For Target Rs.887 - ICICI Securities
Hold Sobha Ltd For Target Rs.887 - ICICI Securities
Source: ICICI Securities Ltd
10/01/2022 11:36:24 AM
Quote on Buying in Real-estate sector, we have a buy call on Sobha Limited with a target price of ₹950 By Yash Gupta, Angel One Ltd Below is quote on Buying in Real-estate sector, we have a buy call on Sobha Limited with a target price of ₹950 By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd    We have seen a healthy correction in the real-estate sector in the last month, S&P BSE Realty down by 16% from its recent highs in November 2021. S&P BSE Realty was consolidating for more than 10 years and in June 2021 it has broken its consolidation and had a good up...
Quote on Buying in Real-estate sector, we have a buy call on Sobha Limited with a target price of ₹950 By Yash Gupta, Angel One Ltd
Quote on Buying in Real-estate sector, we have a buy call on Sobha Limited with a target price of ₹950 By Yash Gupta, Angel One Ltd
Source: Angel One Ltd
22/12/2021 11:56:31 AM
Hold Sobha Ltd For Target Rs.970 - ICICI Direct Riding on strong underlying demand… About the stock: Sobha Ltd (Sobha) is a leading real estate player with ongoing real estate projects with ~20 mn sq feet of saleable area and ongoing contractual projects aggregating to 5.9 mn sq ft under various stages of construction. As on Q2FY22, the company has delivered ~114.7 mn sq ft of developable area. * The company has a real estate presence in 10 cities, viz. Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Kozhikode, Kochi...
Hold Sobha Ltd For Target Rs.970 - ICICI Direct
Hold Sobha Ltd For Target Rs.970 - ICICI Direct
Source: ICICI Direct
10/12/2021 10:35:46 AM
Stock of the week - Sobha Limited For Target Rs.1177 By GEPL Capital Sobha Limited  Observation *  SOBHA on the monthly time frame has been forming a higher high higher low pattern since June 2020, indicating that the long term trend of the stock is strongly bullish. * In the week that passed by the stock resumed its up move after a 3 week correction that halted near the 20 Week SMA. We witnessed A-B-C pattern breakout with volume confirmation, indicating strong participation in the up move. * The Bollinger bands plotted on the daily...
Stock of the week - Sobha Limited For Target Rs.1177 By GEPL Capital
Stock of the week - Sobha Limited For Target Rs.1177 By GEPL Capital
Source: GEPL Capital
8/11/2021 11:46:16 AM
Emargin Positional Pick - Buy Sobha Limited For Target Rs. 980 - HDFC Securities Emargin Positional Pick - Buy Sobha Limited For Target Rs. 980 - HDFC Securities * Sobha Limited is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several weeks and has been consistently finding support at the 20 week SMA. * The stock was recently consolidating in a range above the 20 week SMA. On Monday, the stock broke out of this range on the back of above average volumes. * Technical indicators are giving positive ...
Emargin Positional Pick - Buy Sobha Limited For Target Rs. 980 - HDFC Securities
Emargin Positional Pick - Buy Sobha Limited For Target Rs. 980 - HDFC Securities
Source: HDFC Securities Ltd
1/11/2021 2:24:22 PM
Hold Sobha Ltd For Target Rs.774 - ICICI Securities On a strong footing As per Sobha’s business update, the company has achieved its best ever quarterly volumes in Q2FY22 with gross sales bookings of 1.35msf worth Rs10.3bn which were up 51% YoY in volume terms and 49% YoY in value terms driven by Bengaluru, Gurugram and Pune markets. While Q1FY22 saw a muted performance owing to the second Covid wave across India, the improved Q2FY22 performance reflects the strong demand in South India driven hiring in IT/ITeS sector accompanied b...
Hold Sobha Ltd For Target Rs.774 - ICICI Securities
Hold Sobha Ltd For Target Rs.774 - ICICI Securities
Source: ICICI Securities
29/10/2021 11:49:38 AM
Sobha zooms on clocking 49% growth in sales bookings in Q2FY22 Sobha is currently trading at Rs. 845.90, up by 87.40 points or 11.52% from its previous closing of Rs. 758.50 on the BSE. The scrip opened at Rs. 810.00 and has touched a high and low of Rs. 859.00 and Rs. 809.40 respectively. So far 113149 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 859.00 on 07-Oct-2021 and a 52 week low of Rs. 240.00 on 16-Oct-2020. Last one week high and low of the scrip stood at Rs. 8...
Sobha zooms on clocking 49% growth in sales bookings in Q2FY22
Sobha zooms on clocking 49% growth in sales bookings in Q2FY22
Source: IANS
7/10/2021 12:08:33 PM
Quote on Sobha Limited, stock up by 11% on back of good quarterly numbers by Mr. Yash Gupta, Angel One Ltd Below is quote on Sobha Limited, stock up by 11% on back of good quarterly numbers by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd    Sobha India reported best ever sales volume pre-sales in Q2FY22, we maintain our Buy call. Sobha limited reported best ever sales volumes for the quarter Q2FY22, company reported pre-sales of 1.34 Mn sqft up by 51% as compared to 0.89 of Q2FY21. Bengaluru market again top performer for the company sale...
Quote on Sobha Limited, stock up by 11% on back of good quarterly numbers by Mr. Yash Gupta, Angel One Ltd
Quote on Sobha Limited, stock up by 11% on back of good quarterly numbers by Mr. Yash Gupta, Angel One Ltd
Source: Angel One Ltd
7/10/2021 11:10:32 AM
Add Sobha Ltd For Target Rs. 540 - ICICI Securities Resilient performance As per Sobha’s business update, the company has achieved Q1FY22 gross sales bookings of 0.90msf worth Rs6.8bn which were up 38% YoY in volume terms and 40% YoY in value terms driven by Bengaluru and Gurugram markets. While Q1FY21 was a washout with a complete lockdown across India, the improved Q1FY22 performance reflects ability of leading developers to utilise digital channels to drive sales. Also, a partial lockdown during the second Covid wave in Q1FY22 has ...
Add Sobha Ltd For Target Rs. 540 - ICICI Securities
Add Sobha Ltd For Target Rs. 540 - ICICI Securities
Source: ICICI Securities
28/07/2021 10:24:27 AM
Add Sobha Ltd For Target Rs. 540 - ICICI Securities Record quarter for sales bookings Sobha Ltd. (SOBHA) achieved its highest ever quarterly gross sales bookings in Q4FY21 at 1.34msf worth Rs10.7bn which is up 48% YoY in volume terms and 54% YoY in value terms. A strong QoQ uptick in Bengaluru and continued momentum in Kochi/Gurugram markets has enabled Sobha to cross pre-COVID sales bookings. For H2FY21, the company has achieved its guidance of achieving a YoY growth in sales bookings (up 25% YoY in volume and 38% YoY in value) and has end...
Add Sobha Ltd For Target Rs. 540 - ICICI Securities
Add Sobha Ltd For Target Rs. 540 - ICICI Securities
Source: ICICI Securities
17/07/2021 12:49:13 PM
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities Key News Adani Group to raise over $1.5 bn to refinance Mumbai airport debt Mumbai airport is looking to raise bonds worth $1.5 billion to refinance the debt of Mumbai’s international airport amid a slump in air travel owing to the ongoing pandemic. The plan to raise capital comes months after the Adani group announced acquisition of the GVK-group-owned MIAL. In February, the Adani group acquired 23.5 per cent stakes in the Mumbai airport from two South African investors, while th...
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities
Source: ARETE Securities Ltd
8/07/2021 8:51:10 AM
Sobha Limited reported a good set of numbers for Q1FY22 by Mr. Yash Gupta, Angel Broking Ltd Below are Quote on Sobha Limited reported a good set of numbers for Q1FY22 by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd    Sobha Limited reported overall pre-sales growth of 40% YoY. The company reported pre-sales of ₹682.9 Crores as against ₹487.7 crores in Q1FY21. Total average price realization at ₹7626 per square feet was up by 1.7% as against ₹7498 per square feet in Q1FY21 on account of price hikes taken by the company in FY21. The ...
Sobha Limited reported a good set of numbers for Q1FY22 by Mr. Yash Gupta, Angel Broking Ltd
Sobha Limited reported a good set of numbers for Q1FY22 by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
7/07/2021 11:54:09 AM
Technical Positional Pick - Buy Sobha Limited For Target Rs. 550 - HDFC Securities Technical Positional Pick - Buy Sobha Limited For Target Rs. 550- HDFC Securities  TECHNICAL OBSERVATIONS Sobha has been consolidating in a range between the 443-465 levels for the last few sessions after finding support near the previous swing lows tested in March 2021. This implies a double bottom formation on the daily and weekly charts. Today, the stock broke out of this range (443-465) on the back of above average volumes, which augurs well for the uptrend to...
Technical Positional Pick - Buy Sobha Limited For Target Rs. 550 - HDFC Securities
Technical Positional Pick - Buy Sobha Limited For Target Rs. 550 - HDFC Securities
Source: HDFC Securities Ltd
24/05/2021 1:19:35 PM
Buy Sobha Ltd For Target Rs.505 - ICICI Securities Record quarter for sales bookings As per Sobha’s business update, the company has achieved its highest ever quarterly gross sales bookings in Q4FY21 at 1.34msf worth Rs10.7bn which is up 48% YoY in volume terms and 54% YoY in value terms. A strong QoQ uptick in Bengaluru and continued momentum in Kochi/Gurugram markets has enabled Sobha to cross pre-COVID sales bookings. For H2FY21, the company has achieved its guidance of achieving a YoY growth in sales bookings (up 25% YoY in volu...
Buy Sobha Ltd For Target Rs.505 - ICICI Securities
Buy Sobha Ltd For Target Rs.505 - ICICI Securities
Source: ICICI Securities Ltd
6/04/2021 10:57:34 AM