Buy Sobha, target price Rs 745: JM Financial

Buy Sobha, target price Rs 745: JM Financial
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Synopsis

Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6724.10 Crore) operating in Real Estate sector.

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Promoters held 51.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.02 per cent, DIIs 13.0 per cent.
has buy call on Sobha with a target price of Rs 745. The current market price of . is Rs 709.
Time period given by analyst is one year when Ltd. price can reach defined target.

Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6724.10 Crore) operating in Real Estate sector.

Sobha Ltd. key Products/Revenue Segments include Income From Construction Work, Income From Financial Services, Land Development Rights, Income From Glazing, Income From Interiors, Concrete Blocks, Rental Income, Scrap for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 595.20 Crore, down -22.38 % from last quarter Total Income of Rs 766.80 Crore and up 13.37 % from last year same quarter Total Income of Rs 525.00 Crore. Company reported net profit after tax of Rs 13.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.02 per cent, DIIs 13.0 per cent.
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