Stock Market

Kotak Institutional Equities maintains add on Sobha, fair value at Rs 515

   Download Android App    Share in      FullScreen   CheckVideos

Kotak Institutional Equities have maintained add rating with a fair value of Rs 515 on Sobha Ltd.

Shares of Sobha ended down 0.8% at Rs 400.85 on Monday while BSE Sensex closed 787.98 points (1.90%) down at 40,676.63. Company FinancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 783.90 crore, down -33.38% from last quarter sales of Rs 1176.70 crore and up 19.01% from last year same quarter sales of Rs 658.70 crore.

The company has reported net profit after tax of Rs 67.00 crore in the latest quarter.

The company’s top management includes Mr.Anup Shah, Mr.J C Sharma, Mr.R V S Rao, Mr.Ravi PNC Menon, Mr.Seetharam Thettalil Parameswaran Pillai, Ms.Srivathsala Kanchi Nandagopal.

Company has BSR - Co.

LLP as its auditors, As on 30-09-2019, the company has a total of 94,845,853 shares outstanding.

Investment RationaleSobha delivered an improved operational performance with 1.1 million sq ft of sales volume in the third quarter for sales value of Rs 730 crore, the brokerage said.

Launches remained weak with only 1.4 million square feet being launched in the nine months of FY20 against a target of 3.5 million square feet for FY20.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21