Nifty is currently trading at a rich valuation of 18.2XFY25E, which leaves little room for any valuation expansion, hence any upside, if at all, must come led by earning surprises, says Unmesh Sharma of HDFC Securities.

Daily Voice | Unmesh Sharma of HDFC Securities explains why he sees steady appreciation in Federal Bank, Sobha, BSE

ICICI Securities is bullish on Sobha recommended buy rating on the stock with a target price of Rs 891 in its research report dated November 08, 2023.

Buy Sobha; target of Rs 891: ICICI Securities

Here are the major quarterly results announced after market hours on Monday.

Hindustan Petroleum Q2 Profit Falls, Sobha Revenue Rises — Earnings Wrap

Sobha formed bullish candlestick pattern with small upper shadow on the daily charts. The stock traded above all key moving averages, and the trading volume on last Friday was above average.

Trade Spotlight | Your strategy to deal in Sun TV Network, Dr Lal PathLabs, Sobha

Valuation supportive, discount to long-term averages, risk-reward favorable.

Sobha - Reset, Restart, Refocus Triggers Rerating: HDFC Securities

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.

Buy Sobha; target of Rs 750: Motilal Oswal

Results Review of Siemens, Deepak Nitrite, Century Plyboards India, Sobha, ITD

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 shares shed 3% on shrinking operating margin in Q1

Sobha Standalone June 2023 Net Sales at Rs 889.02 crore, up 51.4% Y-o-Y

Buzzing stocks of Aurobindo Pharma, BHEL, Ganesha Eco, Oil India, Infosys, Biocon, Adani Enterprises, Delta Corp, Fortis Healthcare, Reliance Industries, ICICI Bank, ICICI Lombard GIC, India Cements, Barbeque, GIC Housing, Max Healthcare, Gland Pharma, Indigo Paints, Policybazaar, Sobha, Tata Chen, …

Stocks to watch on August 7, 2023

These developers are DLF, Macrotech Developers (Lodha brand), Godrej Properties, Prestige Estates Projects, Sobha, Brigade Enterprises, Puravankara and Mahindra Lifespace Developers Ltd. Net debt of top eight listed developers has reduced from Rs 40,500 crore in FY20 to over Rs 23,000 crore in FY23.

Net debt of top 8 listed realty firms dip 43 pc to Rs 23,000 cr in last 3 yrs: Anarock

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sobha Limited is engaged in the construction and development of residential and commercial projects.

Sobha Ltd