Sobha Limited up by 16.05 percent | Espresso

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Espresso shot of the day – Sobha Ltd up by 16.05 percent

April 06, 2021
Espresso shot of the day – Sobha Ltd up by 16.05 percent

SOBHA LTD 498.95 (+16.05%) BSE – INE671H01015 | 6THAPRIL 2021

With three decades of glorious experience in creating interiors of palaces and masterpieces in the Middle-East, Mr P.N.C. Menon founded SOBHA Limited in 1995 with a clear vision to transform the way people perceive quality.  Today, SOBHA Limited is the most trusted brand and only backward integrated real estate player in the country. As on 31st March 2020, the company has delivered overall 109.74 million square feet of developable area. The company has a real estate presence in 10 cities, viz. Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Kozhikode, Kochi, Gujarat (Gift City) and Mysore. Overall, SOBHA Limited has footprint in 27 cities in 14 states across India.

Recent Drivers

  • On 5th April 2021, SOBHA Limited reported record sales bookings of Rs 3,137 crores during the last fiscal year despite the Covid-19 pandemic. SOBHA Limited said in regulatory filing, "We have achieved total sales volume of 40,13,381 square feet valued at Rs 31.37 billion. Total sales value achieved during FY20-21 is the highest ever in the history of the company."
  • On 23rd March, the company said its planning to monetise existing land bank present across various cities, as a result of it 14.75 million square feet of new launches are planned in the coming quarters.
  • SOBHA Limited to explore new opportunities via joint development through development management (DM) model. 
  • On 18th February 2021, SOBHA Limited plans to expand in South India.
(Sources: The Hindu Business Line, Sobha Ltd.)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.36%
  • Traded on new 52 week high value 515.90
  • Spurt in volume by more than 14.22 times compares to previous vol. 3 months avg qty – 25,227
  • Quantity traded 1,21,616 Deliverable quantity 27,084 (22.27%)
  • Stock price has jumped more than 215% from one year low level – 162.40, 7 April 2020
  • Daily RSI(14) crossed central line 1 period ago
  • 52 -week high –515.90 | 52- week low- 162.40

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

891.13

677.22

545.73

331.82

200.33

-

-

-

Fibonacci Pivot

677.22

545.27

463.76

411.26

331.82

252.37

199.87

118.36

-


Today’s Close

498.95

SMA

BSE

10 DAY

447.87

20 DAY

450.14

50 DAY

454.94

200 DAY

327.49

Some Key Ratios (Source: BSE)

Market Cap: 4,732.33 crores

PE: 47.13

OPM%: 7.04

ROE%: 4.47

Promoters holding : 51.99

Prev. Close: 429.95

*Chart And Technical Force data taken 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.