Bengaluru-based company said that it has launched its first project in Mumbai 'SOBHA Inizio' spanning 1.038 acres.
While Sobha Developers' net profit rose 180% in September quarter, CEAT posted 53% jump in PAT in Q2
Around 30 fund houses currently hold some exposure to real estate, with some mutual funds - including Bandhan AMC - overweight on the sector, citing improved balance sheets, disciplined developers, and selective land acquisition.
Anamudi Real Estates holds 9.99 percent stake in the real estate company
Sobha Limited’s board has approved the offer and issuance of equity shares of the company for Rs 2,000 crore through a rights issue. The rights issue price was set at Rs 1,651 per equity share, a discount of 25 percent.
In the September quarter, Sobha recorded its highest quarterly sales at Rs 1,724 crore, up 26.1 percent from the previous year, while Macrotech reported best-ever quarterly pre-sales of Rs 3,530 crore
HDFC Securities is bullish on Sobha Developers has recommended buy rating on the stock with a target price of Rs 348 in its research report dated August 03, 2020.
Net Sales are expected to increase by 29.9 percent Y-o-Y (down 44.5 percent Q-o-Q) to Rs. 776.4 crore, according to ICICI Direct.
Net Sales are expected to decrease by 9.8 percent Y-o-Y (down 11.9 percent Q-o-Q) to Rs. 694.3 crore, according to ICICI Direct.
Net Sales are expected to increase by 15.4 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 778.6 crore, according to ICICI Direct.
JC Sharma, Vice Chairman said H2FY18 would be better for them than H1FY18 because post RERA and GST implementation, market understands which developers have the ability to deliver.
Net Sales are expected to increase by 28.5 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 695.5 crore, according to Edelweiss.
The Company will be one of the beneficiaries of the goods and services tax (GST) transition, said JC Sharma, Vice Chairman & MD, Sobha.
Realty firm Sobha today reported 6.21 percent decline in its sales bookings last fiscal at Rs 2,012.40 crore due to slowdown in property market.
Sudarshan Sukhani of s2analytics.com recommends buying Hero MotoCorp, Kotak Mahindra Bank, Bharti Infratel, Sobha and Credit Analysis and Research.
Several real estate companies in the city have managed to raise Rs 3,400 crore in the period since the government decided to junk popular bank notes, according to a report in Financial Express.
In sectoral ratings, HSBC has upgraded IT to overweight citing realistic earnings expectations and reasonable valuations and upgraded industrials (capital goods, engineering) to neutral, citing signs of recovery
Google opened up their Street View Trusted program earlier this year and Sweans was one of the first trusted agencies to take up the challenge. In a ...
Google opened up their Street View Trusted program earlier this year and Sweans was one of the first trusted agencies to take up the challenge. In a ...
The company which had earlier issued a warning on its full year revenue guidance, is now foraying into the commercial real estate market to beat the slowdown, and its beginning its commercial realty journey in Kerala
Motilal Oswal is bullish on Sobha Developers and has recommended buy rating on the stock with a target price of Rs 400 in its research report dated October 6, 2015.
The company logged sales worth Rs 533.2 crore, a 9.7 percent fall from Rs 590.5 crore sales a year ago.
Here are top 10 stocks to focus on January 08 - ICICI Bank, LIC Housing Finance, Coal India, Sesa Sterlite, Sobha Developers, Muthoot Finance, Manappuram General Finance, ING Vysya Bank, Bajaj Auto and Hero Motocorp.
Stocks in news: IOC| IFCI| NTPC| Coal India| Cipla| Hindalco| Power Grid| IGL| DLF| Cadila Pharma| Tara Jewels| Sobha Developers| SREI Infrastructure and Jyoti structures are stocks, which are in news today.