Intraday Buy Call For Sobha Developers

Intraday Buy Call For Sobha DevelopersStock market analyst Anil Singhvi is of the view that investors can 'buy' Sobha Developers Ltd stock with an intraday target of Rs 315.

According to analyst, the investors can buy the stock with a stop loss of Rs 295.

The stock of the company, on May 26, closed at Rs 301 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 352.95 and a low of Rs 186 on BSE.

Current EPS & P/E ratio stood at 8.54 and 35.68 respectively.

Sobha Developers Ltd works as a realty development and construction company in the country.

It builds up residential as well as commercial projects plus undertakes contractual work for business clients.

Sobha Developers Ltd's residential projects include presidential apartments, villas, row houses, super luxury apartments, and luxury apartments together with amenities like clubhouse, swimming pools, and shopping complexes.

Moreover, Sobha Developers also makes convention centers, software development blocks, multiplex theatres, hostel facilities, guest houses, food courts, restaurants, educational and research centers, and club houses for a variety of businesses.