Sobha Ltd
SOBHA

263.10

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

261.35

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Turnover (lac)
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Buy
Reco. Price
Rs 260.00

Last updated on 05-Jan-2017

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 11.4x P/E on FY18E earnings. (Target Price: Rs.300)
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50 DMA (.)
252.51
100 DMA (.)
272.02
200 DMA (.)
288.51
Weekly Range (.)
259.00
272.00
Monthly Range (.)
242.20
272.00
52 Weeks Range (.)
216.05
346.50
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