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SOBHA Consensus Forecast

No. of reports in last year
8
No. of analysts
3
Average Consensus Forecast
439.38
Consensus Potential
38.80%

SOBHA Price Target Potential

BrokerageTargetPotential
Edelweiss212-13.16%
Karvy Stock Broking56057.16%
Nirmal Bang36033.36%

SOBHA Targets in FrontPage Forums

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SOBHA Ratings

Long term SOBHA rating by FrontPage users
2.6/5 (5 Ratings)

8 SOBHA share price target reports by brokerages below. See what is analyst's view on SOBHA share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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SOBHA Share Price Target

SOBHA Share Price Target - Broker Reports - 2020

7-Apr-20
Price @ Call: 175.44
Target: 212
BUY
Sobha battled slowing sales, strained cash flows and rising leverage in FY20 (refer to Sobha - Concerns overdone; valuations attractive). The ongoing pandemic is likely to jolt the realty industry by impacting demand and project completions. How Sobha manages its cash flows and balance sheet ahead in the face of cooling consumer sentiment would determine its stock’s trajectory in our view. Maintain ‘BUY/SP’ with a TP of INR212/share. We derive the TP by applying a 40% discount to its SoTP-based NAV of INR283/share for the residential business plus value of the contractual business, i.e. INR42/share.
... Read more
6-Feb-20
Price @ Call: 411.28
Target: 560
BUY
We expect players like Sobha to be major beneficiary of Post RERA scenario which has resulted in consolidation in real estate industry wherein reputed players backed by execution track record stands to gain market share from unorganised players. The current liquidity crisis has expedited the consolidation and it will strengthen the position of large players. Although we remain cautious of rising debt in Sobha Ltd. We retain “BUY” rating on the stock with reduced target price of Rs. 560.
... Read more
4-Feb-20
Price @ Call: 438.05
Target: 360
SELL

SOBHA Share Price Target - Broker Reports - 2019

14-Nov-19
Price @ Call: 398.15
Target: 610
BUY
We expect players like Sobha to a be major beneficiary of post RERA scenariowhich has resulted in consolidation in real estate industry wherein reputed players backed by execution track record stand to gain market share from unorganized players. The current liquidity crisis has expedited the consolidation and it will strengthen the position of large players. However, we remain cautious of rising debt in Sobha Ltd. We value Sobha at 20% discount to its NAV and retain “BUY” rating on the stock with an NAV based target price of Rs. 610.
... Read more
13-Nov-19
Price @ Call: 427.5
Target: 360
SELL
We have retained our Sell rating on Sobha and valued it at a 15% (earlier 5%) discount to NAV arriving at a revised target price (TP) of Rs360 (earlier Rs405). The reason for downgrading includes rising concerns on: (1) Continuing downtrend in realizations. (2) Poor cash flows (3) Rising debt and weaking Balance sheet.
... Read more
3-Oct-19
Price @ Call: 476.55
Target: 405
SELL
14-Aug-19
Price @ Call: 496.08
Target: 376
SELL
The combined impact of weak cash flows and land purchases of Rs1.5bn has led to increase in net debt from Rs22,625mn in 1QFY19 to Rs27,518mn in 1QFY20. Net profit grew by 72% YoY to Rs906mn, primarily driven by the 97% YoY rise in revenue to Rs11.7bn. However, rising cost pressures (increase of 119% YoY) together with increase in interest cost (55% YoY) have led to relatively lower growth in net profit. We have retained Sell rating on Sobha with a target price (TP) of Rs376.
... Read more
16-Aug-19
Price @ Call: 471.58
Target: 632
BUY
We expect players like Sobha to be a major beneficiary of post RERA scenariowhich has resulted in consolidation in real estate industry wherein reputed players backed by execution track record stand to gain market share from unorganized players. The current liquidity crisis has expedited the consolidation and it will strengthen the position of large players, although we remain cautious of rising debt in Sobha Ltd. We have valued Sobha at 0.8x NAV and we retain “BUY” rating with a target price of Rs. 632.
... Read more
31-May-19
Price @ Call: 544.48
Target: 632
BUY
We expect Sobha to be a major beneficiary of post RERA scenario which has resulted in consolidation in real estate industry wherein reputed players backed by execution track record stand to gain market share from unorganized players. The current liquidity crisis will strengthen the position of large developers having minimal dependency on external funding for project completion. Our NAV model yields a per-share value of Rs. 790 and we have valued Sobha at 20% discount to NAV, resulting in a target price of Rs. 632/share.
... Read more
29-May-19
Price @ Call: 538.9
Target: 620
BUY
Sobha reported highest ever sales volume of 1.1 msf in Q4FY19. Bengaluru,Sobha’s key market continues to witness strong traction with one of lowestinventory overhang of 15 months. Coupled with its healthy launch pipelineand more focus on affordable housing, we expect Sobha’s sales momentumto sustain. Hence, we maintain BUY recommendation on Sobha with a revised target price of Rs 620/share. Sobha’s net D/E at 1.0x is relatively higher than its peers and remains the key monitorable for re-rating of the stock.
... Read more
22-May-19
Price @ Call: 506.2
Target: 652
BUY
We maintain BUY post a robust quarter. Our SOTP-based TP has increased to Rs 652 (vs Rs 646 earlier). We have increased our EPS estimate by 3/3.3% for FY20/21E. SDL has ~17.5mn sqft of unsold area in ongoing projects and expects to add 4.2mn sqft from new projects in the pipeline. A well diversified product mix across different regions augurs well for pre-sales recovery. Brand pull will certainly aid pre-sales efforts. Despite capex commitment of Rs 10bn we expect consolidated net D/E to reduce to 0.9x by FY21E (vs. 1.09x now). The contracting business is seeing good growth with an order book of Rs 26bn. We maintain BUY. Key risks: (1) Further deterioration in NBFC liquidity, (2) Higher interest rate, (3) Weak order inflow in the contracting business; and (4) Delay in regulatory approvals.
... Read more
21-May-19
Price @ Call: 483.7
Target: 376
SELL
Retain Sell rating with a target price of Rs376: Rich valuation amid lack of pricing power and rising costs will exert pressure on the stock price. We have retained Sell rating on Sobha with a target price of Rs376. We will be revising our estimates shortly.
... Read more
9-Apr-19
Price @ Call: 498
Target: 619
BUY
While tight liquidity remains key concern for the sector at large, the recent cut in interest rates, RERA-driven consolidation and improving affordability offer growth opportunities. We expect the robust launch pipeline to boost Sobha’s new sales in ensuing quarters. Moreover, steady sales momentum in the Dream Acres project, improvement in the Bengaluru market and strengthening of balance sheet are key stock catalysts. We continue to maintain ‘BUY/SO’ with target price of INR619/share.
... Read more
8-Apr-19
Price @ Call: 498.86
Target: 578
BUY
8-Feb-19
Price @ Call: 474.33
Target: 614
BUY
11-Feb-19
Price @ Call: 468.65
Target: 646
BUY
8-Feb-19
Price @ Call: 476
Target: 510
BUY

SOBHA Share Price Target - Broker Reports - 2018

10-Aug-18
Price @ Call: 530.96
Target: 570
BUY
10-Aug-18
Price @ Call: 523.4
Target: 600
BUY
9-Aug-18
Price @ Call: 495.7
Target: 644
BUY
13-Jul-18
Price @ Call: 463.77
Target: 600
BUY
23-May-18
Price @ Call: 496.61
Target: 641
BUY
23-May-18
Price @ Call: 496.61
Target: 600
BUY
22-May-18
Price @ Call: 506
Target: 668
BUY
13-Feb-18
Price @ Call: 566.8
Target: 610
HOLD

SOBHA Share Price Target - Broker Reports - 2017

14-Nov-17
Price @ Call: 513.7
Target: 295
SELL
14-Aug-17
Price @ Call: 369.85
Target: 459
BUY
7-Aug-17
Price @ Call: 384
Target: 520
BUY
6-Jul-17
Price @ Call: 382
Target: 520
BUY
17-May-17
Price @ Call: 421
Target: 500
BUY
17-May-17
Price @ Call: 426
Target: 520
BUY
15-Feb-17
Price @ Call: 283
Target: 317
BUY
9-Feb-17
Price @ Call: 278
Target: 285
HOLD
10-Jan-17
Price @ Call: 266
Target: 312
BUY

SOBHA Share Price Target - Broker Reports - 2016

29-Nov-16
Price @ Call: 250
Target: 275
HOLD
12-Sep-16
Price @ Call: 306
Target: 360
BUY
14-Sep-16
Price @ Call: 294.41
Target: 350
HOLD
11-Jul-16
Price @ Call: 323
Target: 340
HOLD
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  • SOBHA Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3252.57
    Upside Target 2246.53
    Upside Target 1241.12
    Pivot235.08
    Downside Target 1229.67
    Downside Target 2223.63
    Downside Target 3218.22
  • SOBHA Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3262.8
    Upside Target 2253.9
    Upside Target 1244.8
    Pivot235.9
    Downside Target 1226.8
    Downside Target 2217.9
    Downside Target 3208.8
  • SOBHA Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3301.27
    Upside Target 2274.63
    Upside Target 1250.77
    Pivot224.13
    Downside Target 1200.27
    Downside Target 2173.63
    Downside Target 3149.77
  • SOBHA Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3246.53
    Upside Target 2242.16
    Upside Target 1239.46
    Pivot235.08
    Downside Target 1230.71
    Downside Target 2228.01
    Downside Target 3223.63
  • SOBHA Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3253.9
    Upside Target 2247.02
    Upside Target 1242.78
    Pivot235.9
    Downside Target 1229.02
    Downside Target 2224.78
    Downside Target 3217.9
  • SOBHA Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3274.63
    Upside Target 2255.34
    Upside Target 1243.42
    Pivot224.13
    Downside Target 1204.84
    Downside Target 2192.92
    Downside Target 3173.63
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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