Economy
HDFC Securities Sets ₹1,930 Target Price for Sobha Ltd
Livemint3h
THE BRIEF
1
Domestic brokerage HDFC Securities issued a 'Buy' rating on real estate developer Sobha with a target price of ₹1,930, implying a 66% upside from its October 9 close.
2
Sobha recorded an all-time high presales of ₹5,860 crore for the first half of FY27, driven by strong demand and a 14% increase in average selling prices.
3
The brokerage expects new project launches worth ₹6,000 crore in the third quarter of FY27, backed by major developments across Bengaluru, the NCR, and Pune.