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Sobha has seen a decisive breakout of falling resistance trendline adjoining highs of July 26 and September 5, with strong bullish candlestick pattern on the daily charts. The stock rallied nearly 11 percent to Rs 682 and formed significantly higher volumes.

Trade Spotlight | Your strategy to deal in Sobha, Sunteck Realty, CDSL counters today

HDFC Securities is bullish on Sobha has recommended buy rating on the stock with a target price of Rs 1024 in its research report dated September 07, 2023.

Buy Sobha; target of Rs 1024: HDFC Securities

Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated August 08, 2023.

Buy Sobha; target of Rs 750: Motilal Oswal

The company reported a surge in Q1 profits by 165 percent to Rs 12.05 crore, driven by  other incomes and topline growth, despite a contraction in the operating margin

Sobha shares shed 3% on shrinking operating margin in Q1

Sobha Standalone June 2023 Net Sales at Rs 889.02 crore, up 51.4% Y-o-Y

Sunteck Realty Ltd, KIOCL Ltd, Praj Industries Ltd, PVR Inox Ltd are among the other stocks to see a surge in volumes on BSE today, 07 July 2023.Sobha Ltd saw volume of 1.34 lakh shares by 10:46 IST on BSE, a 5.03 fold spurt over two-week average daily volume of 26586 shares. The stock increased 2.75%  to Rs.570.70. Volumes stood at 60657 shares in the last session.Sunteck Realty Ltd registered volume of 6.85 lakh shares by 10:46 IST on BSE, a 4.11 fold spurt over two-week average daily volume of 1.66 lakh shares. The stock rose 7.72%  to Rs.321.65. Volumes stood at 11.59 lakh shares in the last session.KIOCL Ltd clocked volume of 9047 shares by 10:46 IST on BSE, a 4 times surge over two-week average daily volume of 2263 shares. The stock lost 0.90%  to Rs.187.00. Volumes stood at 1824 shares in the last session.Praj Industries Ltd witnessed volume of 2.23 lakh shares by 10:46 IST on BSE, a 4 times surge over two-week average daily volume of 55709 shares. The stock increased 7.41%  to Rs.398.00. Volumes stood at 43255 shares in the last session.PVR Inox Ltd witnessed volume of 56557 shares by 10:46 IST on BSE, a 3.9 times surge over two-week average daily volume of 14489 shares. The stock increased 2.98%  to Rs.1,417.60. Volumes stood at 27086 shares in the last session.

Volumes jump at Sobha Ltd counter

The companys share in sales values was at Rs 1,130.4 crore (up 18% YoY).Total sales volume stood at 1.39 million square feet in Q1 FY24, registering the growth of 2.6% from 1.35 million square feet recorded in Q1 FY23.Average price realization increased by 24.6% to Rs 10,506 per square feet in Q1 FY24 from Rs 8,431 per square feet in Q1 FY23.Sobha stated that Bangalore has contributed 54% to the total sale value, with improved price realization and product mix moving more towards luxury segment. Kerala region sales have witnessed significant improvement of 55% growth over previous quarter with release of new inventory in Marina One in Kochi and SOBHA Metropolis in Thrissur. NCR has continued to do well with an established market presence. Demand for GIFT City projects is on the rise with improved development and visibility.Sobha is primarily focused on residential and contractual projects. Its residential projects include presidential apartments, villas, row houses, super luxury & luxury apartments, plotted developments and aspirational homes.The real estate company reported a consolidated net profit of Rs 48.6 crore in Q4 FY23, steeply higher than Rs 14.2 crore posted in Q4 FY22. Net sales grew 70.34% year on year (YoY) to Rs 1,209.9 crore in the quarter ended 31 March 2023.

Sobha gains after total sales value climbs 28% YoY in Q1 FY24

ICICI Direct is bullish on Sobha has recommended buy rating on the stock with a target price of Rs 891 in its research report dated July 06, 2023.

Buy Sobha; target of Rs 891: ICICI Direct

Bengaluru contributed 54 percent to the total sale value, with improved price realisation and product mix moving more towards luxury segment, the company has said

Sobha share price up 4 % on strong Q1 business data

Analysts says property sales have maintained momentum. The transaction value of property has risen over the year, leading to higher revenue for the government

Nifty Realty top sectoral gainer; Sobha, Macrotech Developers jump up to 5%

Sobha Ltd. engages in the construction, development, and management of real estate. It operates through the Real Estate, and Contractual and Manufacturing segments. The Real Estate segment is comprised of the development, sale, management and operation of all or any part of townships, housing projects, also includes leasing of self owned commercial premises. The Contractual and Manufacturing segment includes the development of commercial premises and other related activities. The company was founded by Puthan Naduvakkat Chenthamaraksha Menon on August 7, 1995 and is headquartered in Bangalore, India.

Watchers	100
52-Wk Low	412.10
52-Wk High	718.85

Market Cap	61.56B
Volume (M)	320,556.00
52-Wk High	718.85
52-Wk Low	412.10

Current Price	649.10
Prev Close	653.10
Open	656.95
Dividend Yield	0.70%
50-Day Moving Average	604.72
Beta	0.17
Avg. Volume	417,526.18
PE Ratio	55.14

52-Week High	718.85
52-Week Low	412.10
Market Capitalization	61.56B
EPS	11.77
Price to Book	2.46
Revenue Per Employee	1.39M
Enterprise Value/EBITDA	18.36

SOBHA.NSE Sobha Ltd.

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