Sobha Developers - A considerate approach towards growth - Kotak

Our recent interaction with Sobha's management indicates more launches in the coming quarters and in new markets to boost volumes, product rationalizations to maintain realizations, thought of reintroducing a 'Dream' type series vertical for lower ticket-size products and consistent expansion in new geographies. We remain upbeat on the development plan and focus of the company; reiterate our BUY rating with a target price of Rs. 475 (Rs. 500 earlier).

Source : Equity Bulls

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