HDFC Securities is bullish on Sobha has recommended buy rating on the stock with a target price of Rs 1024 in its research report dated September 07, 2023.

Exceeding the 20-day SMA indicates potential shifts in market dynamics and investor sentiment.

In the recent phase of correction which the nifty witnessed for four weeks, mid-cap stocks were still under the control of bulls. Overall market participation in this segment continues to rise with market breadth being positive. ET screener powered by Refinitivs Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

This article delves into the concept of RSI and its role in evaluating stock movements, particularly those showing upward trends. With StockEdge reporting 17 stocks trending up on Friday, August 18, ETMarkets has spotlighted 10 promising stocks for analysis. By exploring the interplay between RSI and stock trends, investors can glean valuable insights to guide their investment decisions.

Amara Raja Batteries has topped the list of Indian Nifty 500 companies with the widest gap between CEO and median employee salaries, paying its CMD over ₹52 cr, 1,872 times the median employee salary. Small and mid-cap promoter-driven companies, such as Amber Enterprises and JK Paper and Balkrishna Ind, were also featured. The CEO pay hike across some firms was higher than that seen in employee remuneration.

Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data

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.

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

Promoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.

“We would wait for a break above 19,800 region to climb back onto the 20600 trajectory. Alternatively, a slippage back below 19450 could set our eyes on 19139-18900, but the chances of a collapse looks low for next week,” he says.

The Relative Strength Index (RSI) is a crucial tool in evaluating stock movements and identifying potential reversals in momentum. Stocks with declining RSI trends while being in the overbought zone indicate the possibility of a bearish trend. ETMarkets has selected ten such overbought but bearish stocks based on a StockEdge report.

Hundreds of people paid tribute to a girl who was raped and killed near Kochi, demanding a stringent punishment for the accused, especially the death penalty. The accused, a migrant worker from Bihar who lived in the same building, was arrested and will be interrogated once he is not in an inebriated state. Congress MLA Anwar Sadath wants the government and police to ensure the accused receives the highest punishment.

Major real estate developers in India have seen their liquidity and credit profiles improve despite the Covid-19 pandemic, thanks to strong sales momentum in the housing market. Collections and realizations have climbed for major developers across India's top property markets, giving them added strength in leveraging their credit profiles. Companies like DLF, Godrej Properties and Oberoi Realty have seen their gross debts decline by over 42% since the pandemic began in 2019.

Tata Consultancy Services, Hindalco Industries and other companies crossed the 200-day Simple Moving Average indicator on July 13, 2023, signaling market growth. TCS and Hindalco Industries' stocks surged past their 200 SMA, while Triveni Engineering & Industries and KIOCL maintained their performance around the 200 SMA. Mobile advertising and marketing firm Affle (India) and real estate developer Sobha also stayed above their 200 SMA. The data was sourced from StockEdge, and today's data on 100 SMA will be updated after market hours.

“We are shareholders of PVR and on every upside, we are looking at exit opportunities. The reason for that is that the habits have changed and more and more entertainment is being consumed online through OTT platforms to an extent and even through gaming. So I am not positive on the prospects of Inox PVR.”

Praj Industries, an Indian company specialising in sustainable solutions for bioenergy, water, and high purity process systems, showcased promising growth on July 7, 2023. Its stock closed at Rs 397.35, surpassing the 200 SMA of Rs 373.27.

ICICI Direct is bullish on Sobha has recommended buy rating on the stock with a target price of Rs 891 in its research report dated July 06, 2023.

As per Trendlyne data, the average target price of Sobha stock is Rs 778, which shows an upside potential of 36% from the current market prices. The consensus recommendation from 15 analysts for the stock is a 'Buy'.

Sobha, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 5444.15 Crore) operating in Real Estate sector.

Bengaluru contributed 54 percent to the total sale value, with improved price realisation and product mix moving more towards luxury segment, the company has said

Titan registered a 20% year-on-year (YoY) revenue growth for the June quarter, with all the key consumer businesses witnessing double-digit growth in the quarter.

“We continue to be positive on real estate. The cycle has turned. Unlike other sectors, the real estate cycle historically has been at least five to seven years. This is maybe the second year as far as real estate upturn is concerned. We will find strong growth coming in. There is a lot of pent-up demand in the system.”

While the competition remained the highlight of the evening, the grand event also treated viewers to a delightful array of entertainment. Evicted contestants dazzled the stage with captivating dance performances, while former participants Sooraj and Noby enthralled the audience with their hilarious comedy skits, ensuring an evening brimming with entertainment.

As far as the Bank Nifty is concerned, it is very much clear I would say that the range for the Bank Nifty is 44,000 on the upside technically and as far as derivatives data is concerned, that is the level.