Espresso Shot of the Day - Sobha Limited up by 6.27 percent

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Espresso Shot of the Day - Sobha Limited up by 6.27 percent

January 17, 2023
Espresso Shot of the Day - Sobha Limited up by 6.27 percent

Sobha Limited 971.55  (+6.27%) BSE – INE671H01015 | Jan 17, 2022

SOBHA epitomizes “passion at work” in totality. For them it is not only a catch phrase which sounds just right, rather a motto by which they all strive to live daily. It serves as their compass, which guides them towards creating world-class quality products and workmanship. It guides them to be transparent in all their dealings and adhere to delivery on time, each time. They draw heavily from the innate qualities of their founder, Mr. PNC Menon who imbibed and lived the brand. Simply put, this means that they do not cut corners towards making best–in–class products. Their work revolves around creating ‘quality’ with immense passion like Mr. Menon himself – the builder extraordinaire, who revolutionized the way people perceive quality in the realty sector.

Recent Drivers

  • On Jan 10, 2022, SOBHA reported net sales of Rs.819.10 crores in Q2 September 2021
  • On Jan 10, 2022, the company reported a net profit of Rs.48.30 crores in Q2 September 2021
  • On Jan 01, 2022, the company disposed off 100% equity shares in Annalakshmi Land Developers for Rs.10.97 crores.
  • On Dec 06, 2021, SOBHA received credit ratings from CRISIL for bank loan facilities aggregating to Rs.3100 crores as the Long term rating - CRISIL A+/Stable and Short term rating - CRISIL A1

(Sources: Capital Market, ET Realty, Business standard


Technical Force*

  • S&P BSE 500 month till date gain up by 5.26%
  • Traded on 52 Week high value 985.00
  • 3 months avg. NSE volume: 641,878
  • Quantity traded: 47,096 | Deliverable Quantity: 15,103 (32.07%)
  • Stock price has jumped more than 130% from a one-year-low level: 402.50 (Mar 19, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 985.00 | 52-week-low: 402.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1703.83

1340.27

1117.23

753.67

530.63

167.07

-

     -

Fibonacci Pivot

1340.27

1116.19

977.75

888.58

753.67

618.75

529.59

319.15

167.07


Today’s Close

971.55

SMA

BSE

10 DAY

881.92

20 DAY

876.84

50 DAY

864.67

200 DAY

670.73


Some Key Ratios (Source: BSE)

Market Cap:  9214.75 Crores

PE: 90.65

OPM%: 32.00

ROE%: 4.39

Promoters holding%: 51.99

Prev. Close: 912.90



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.