05 Oct 2026, 08:57 IST
Sobha Limited
HSIE Research (HDFC Securities Institutional Equities) · BUY · target INR 1,930
The report says Sobha posted Q2FY27 presales of INR 22.1bn (+16% YoY), H1FY27 presales at an all-time high of INR 58.6bn (+47% YoY, 59% of FY27 guidance), a strong launch pipeline (H1 launches of 7.9msf/INR 112bn, ~75% of FY27 guidance), and that margins are expected to improve meaningfully from H2FY27 as the INR186bn unrecognized revenue book with 30%+ project-level EBITDA margins moves into recognition, leading HSIE Research to maintain a BUY rating with a target price of INR 1,930/share.
From Sobha Update Oct26 HSIE, written by HSIE Research (HDFC Securities Institutional Equities) and hosted by HDFC Securities. Orivam summarised it; the view is HSIE Research (HDFC Securities Institutional Equities)'s, not Orivam's.
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