Sobha Ltd
SOBHA

289.55

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

288.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 285.00
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 12.5x P/E on FY18E earnings. (Target Price: Rs.328.2)
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50 DMA (.)
261.81
100 DMA (.)
266.79
200 DMA (.)
286.79
Weekly Range (.)
279.15
296.80
Monthly Range (.)
255.00
296.80
52 Weeks Range (.)
216.05
346.50
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