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Nifty is currently trading at a rich valuation of 18.2XFY25E, which leaves little room for any valuation expansion, hence any upside, if at all, must come led by earning surprises, says Unmesh Sharma of HDFC Securities.

Daily Voice | Unmesh Sharma of HDFC Securities explains why he sees steady appreciation in Federal Bank, Sobha, BSE

Sobha formed robust bullish candlestick pattern on monthly charts, with making higher highs, higher lows formation for third consecutive month. The stock traded well above all key moving averages.

Trade Spotlight | How to deal in Sobha, JK Lakshmi Cement, Granules India today

ICICI Securities is bullish on Sobha recommended buy rating on the stock with a target price of Rs 891 in its research report dated November 08, 2023.

Buy Sobha; target of Rs 891: ICICI Securities

The pre-sales (gross, pre-declared) for the quarter of Rs 1,720 crore were a record

Sobha hits record residential sales figures on non-Bengaluru volumes: Jefferies

The higher expenses in the Q2 were mainly due to land purchase costs which dragged Q2 profit growth for Sobha downwards.

Sobha shares crumble 5% after higher costs drag Q2 net profit down

Sobha Standalone September 2023 Net Sales at Rs 743.81 crore, up 15.43% Y-o-Y

For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said

10 best bets for 3-4 weeks as quarterly earnings, geopolitics to keep markets in a range

The real challenge for the Nifty50 is breaking above the 20-day moving average at 19,800, which is also an important level where many traders have placed their bets.

Hot Stocks | Bet on Sobha, Escorts Kubota, Bharat Wire Ropes for up to 12% returns

At close, the Nifty Realty index was up 4.01 percent, led by gains in Prestige Estates, which surged 8 percent. Sobha, Godrej Properties, Oberoi Realty and DLF had gained between 4 and 7 percent.

Nifty Realty spikes amid festival cheer, analysts maintain bullish outlook

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 October 05, 2023.

Buy Sobha; target of Rs 1024 HDFC Securities

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 in 1995 and is headquartered in Bangalore, India.

Watchers	127
52-Wk Low	412.10
52-Wk High	962.60

Market Cap	89.98B
Volume (M)	755,832.00
52-Wk High	962.60
52-Wk Low	412.10

SOBHA.NSE Sobha Ltd.

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