Sobha Ltd. News and Updates

Name: Latest research reports of Sobha Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Sobha Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Sobha Ltd. from all sources in a single place.

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Sobha Ltd.

04 Oct 2023

1323.20

8.08%

Bengaluru court initiates criminal proceedings against Sobha Ltd for forgery in residential project

Moneycontrol

The homebuyers have accused Sobha Developers of mortgaging the Sobha City project in north Bengaluru to the tune of Rs 1,040 crore and adding units with forged NOCs.

Sobha Ltd.'s price crossed above 50Day SMA today

Sobha Ltd.

02 Oct 2023

1323.20

8.08%

Karnataka RERA orders developer to refund entire amount despite project completion. Here's why

Moneycontrol

In this case, the homebuyer had booked an apartment in the Sobha Valley View project in south Bengaluru for Rs 1.5 crore.

Sobha Ltd. is trading above its 100 day SMA of 1298.6

Sobha Ltd.

24 Sep 2023

1323.20

8.08%

Diversification drive: Sobha promoters expand horizons to hotels, investments and the US market

Business Line

Chairman Emeritus Menon unveils a $700-million hotel portfolio, $2-b investments and $10-b US revenue target in 10 years

Sobha Ltd.'s price crossed above 30Day SMA today

Sobha Ltd.

07 Sep 2023

1323.20

8.08%

Buy Sobha; target of Rs 1024: HDFC Securities

Moneycontrol

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.

Sobha Ltd. has gained 17.39% in the last 1 Month

Sobha Ltd.

12 Aug 2023, 12:19PM

1323.20

8.08%

Buy Sobha; target of Rs 750: Motilal Oswal

Moneycontrol

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.

Sobha Ltd. is trading below its 150 day SMA of 1417.2

Sobha Ltd.

09 Aug 2023

1323.20

8.08%

FY24 sales booking guidance contingent on new launches

Buy: Sobha Ltd.

ICICI Securities Limited

Sobha Ltd. (SOBHA) achieved record Q1FY24 gross sales bookings of 1.39msf worth INR14.7bn (up 28% YoY in value terms), aided by the company achieving its highest-ever gross realisation of INR10,506/psf. The strong start to FY24 comes on the back of a strong FY23 operating performance where the company had clocked its best-ever annual sales performance with gross sales bookings of 5.65msf worth INR52.0bn.

Sobha Ltd.'s price crossed above 50Day SMA today

Sobha Ltd.

08 Aug 2023

1323.20

8.08%

to see Rapid results content

Sobha Ltd.

08 Aug 2023

1323.20

8.08%

Sobha shares shed 3% on shrinking operating margin in Q1

Moneycontrol

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 Ltd.'s price crossed above 50Day SMA today

Golden Crossovers: Sobha among 4 stocks signalling further bullishness

Economic Times | 08 Aug 2023

Sobha Ltd.

07 Jul 2023

1323.20

8.08%

Buy Sobha; target of Rs 891: ICICI Direct

Moneycontrol

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.

Sobha Ltd. is trading below its 150 day SMA of 1417.2

Sobha stock surges on robust quarterly sales, record high realisations

livemint | 07 Jul 2023 1 more

Sobha Ltd.

06 Jul 2023

1323.20

8.08%

Strong start to FY24, launches remain key

Buy: Sobha Ltd.

ICICI Securities Limited

Sobha Ltd. (SOBHA) achieved record Q1FY24 gross sales bookings of 1.39msf worth Rs14.7bn (up 28% YoY in value terms), aided by the company achieving its highest-ever gross realisation of Rs10,506/psf. The Bengaluru market clocked 0.84msf or 60% of the quarter’s volumes and 54% of sales value.