Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
417.85
Change Change %
-6.95 -1.64%

Updated:21 Sep, 2018, 15:43 PM IST

BSE
417.90
Change Change %
-7.75 -1.82%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
06-07-2017 Buy 401.90 693.00
N/A
Closed Long (1Y)
06-07-2018

Edelweiss maintains buy on Sobha Ltd

Edelweiss has maintained buy on Sobha Ltd for target price of Rs 693. It says Sobha reported 11% QoQ rise in new sales of Rs 560 crore above pre-demonetisation level and highest since Q4FY15. Bangalore and Gurgaon markets were key growth drivers. Edelweiss adds that it expects Sobha's new sales to improve in quarters ahead given favourable macros, interest rate benefits under Pradhan Mantri Awaas Yojna (PMAY) and new demand creation led by strong office space absorption.

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