ICICI Securities Ltd | Retail Equity Research Sobha Ltd (Sobha) posted a strong show in quarterly volumes without any new launches in Q4FY17. The company is recovering very well from demonetisation impact and it managed to clock 17.9% sequential growth in sales volumes to 0.72 million square feet (msf) in the quarter. In terms of geography, the Bengaluru market continues to remain firm with sales volumes of 0.51 msf in Q4FY17 vs. 0.5 msf in Q3FY17. Also, Sobha witnessed good traction in the NCR market where it managed sales...