BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Short (1M)
Nirmal Bang Recommends 'Sell' On Sobha
According to Nirmal Bang, Sobha's rich valuation amid lack of pricing power and rising costs will exert pressure on the stock price. Key concerns include the continuing downtrend in realizations, poor cash flows, rising debt and weakening balance sheet, the brokerage adds.