Sobha Ltd
SOBHA

245.85

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

247.50

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Turnover (lac)
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Buy
Reco. Price
Rs 234.00

Last updated on 23-Nov-2016

We recommend BUY on the stock on the back of expected ~40% revenue recognition from ongoing projects. Additionally, expansion in other states will add to top line. Stock is currently trading at 11x P/E on FY18E earnings. (Target Price: Rs.260)
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50 DMA (.)
275.85
100 DMA (.)
292.26
200 DMA (.)
287.88
Weekly Range (.)
243.10
257.70
Monthly Range (.)
216.05
274.90
52 Weeks Range (.)
216.05
346.50
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