Sobha Developers (BUY, 71% upside) - AMBIT

Sobha has already achieved 23% of its FY14 guidance of new sales value and area sold by up to 22%. We expect the conference call tomorrow to highlight that Sobha has accelerated the growth of its real estate franchise. The surplus capital available (after debt servicing requirements) would have been deployed towards acceleration in launches and project execution to successfully meet its full-year guidance. Sobha is likely to have further strengthened its execution pipeline over the past quarter through new launches, with plans to launch many more projects over the next four quarters.

Source : Equity Bulls

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