Add Sobha, target price Rs 1,628: ICICI Securities

economictimes.indiatimes.com:

add call on Sobha with a target price of Rs 1628. The current market price of Sobha is Rs 1511.25. Sobha, incorporated in 1995, is a Mid Cap company with a market cap of Rs 16161.79 crore, operating in the Real Estate sector.
Sobha's key products/revenue segments include Income from Sale of Commercial Flats, Shops & Plots, Sale of services, Income From Glazing, Income From Interiors, Concrete Blocks, Rental Income, Other Operating Revenue, Scrap for the year ending 31-Mar-2024.

Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 965.29 crore, up 44.10 % from last quarter Total Income of Rs 669.86 crore and up 24.77 % from last year same quarter Total Income of Rs 773.64 crore. The company has reported net profit after tax of Rs 26.09 crore in latest quarter.
Investment Rationale

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