The upcoming pipeline provides strong growth visibility

11 Mar 2024
5 Min read 
  • Sobha reported strong quarterly bookings and sales growth, driven by new project launches.
  •  The company achieved the highest ever sales from the Bengaluru market.
  •  Revenue and EBITDA declined YoY, but the EBIT margin of the real estate segment improved.
  •  Sobha plans to launch more projects in the coming quarters and is working on expanding its land reserves.
  •  The company is raising funds through a rights issue to support its growth plans.
  •  Valuation suggests a potential upside of 19% with a target price of INR1,700.
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