Maintain ‘buy’ on Sobha with revised TP of Rs 572

Maintain ‘buy’ on Sobha with revised TP of Rs 572

Sobha clocked best-ever pre-sales in Q4FY21, fuelled by robust demand across segments. Volumes surged to 1.3msf (up 18% QoQ and 48% YoY); by value, sales (company’s share) were at Rs 8.7billion (up 29% QoQ and 58% YoY) aided by higher realisation (up 5% YoY).
Check the source here –Source, Financial Express.

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