Sobha Developers

Sobha Looks Over-sold

Posted by : RaviKunnath
Price when posted : BSE: Rs 85.90 ( -2.55 % ), NSE: Rs. 85.70 ( -3.92 % )

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Dear sxd213,

My comment was based on fundamentals, and not technicals.
Sobha is one of the top realty companies, with a reserve of Rs915.5cr as per their latest balance sheet, whereas the present market cap is less than 650cr. The last year EPS was 31.3 and current year EPS may be around 25. The IPO was priced around 640.

Whatever be the current difficulties faced by the sector, one should not expect that the share price will come down to zero. Of course, the selling has been happening as if there is no tomorrow....

In reply to:

Sobha Looks Over-sold

Posted by : sxd213

What is the basis for this type of statement? Please provide details.

Sobha Looks Over-sold

Posted by : vkk43
Price when posted : BSE: Rs 88.15 ( -1.12 % ), NSE: Rs. 89.20 ( -0.78 % )

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You are absolutely right. Stay away from this counter....

In reply to:

Sobha Looks Over-sold

Posted by : Atheist

Fitch has downgraded outlook on SOBHA to NEAGTIVE....
Common sense says....Stay away from the counter.

Sobha Looks Over-sold

Posted by : Atheist
Price when posted : BSE: Rs 88.15 ( -1.12 % ), NSE: Rs. 89.20 ( -0.78 % )

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Fitch has downgraded outlook on SOBHA to NEAGTIVE....
Common sense says....Stay away from the counter.
...

In reply to:

Sobha Looks Over-sold

Posted by : RaviKunnath

This stock may give at least 100% returns from current levels in the next 6 months.

Sobha Looks Over-sold

Posted by : sxd213
Price when posted : BSE: Rs 88.15 ( -1.12 % ), NSE: Rs. 89.20 ( -0.78 % )

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What is the basis for this type of statement? Please provide details....

In reply to:

Sobha Looks Over-sold

Posted by : RaviKunnath

This stock may give at least 100% returns from current levels in the next 6 months.

Sobha Looks Over-sold

Posted by : RaviKunnath
Price when posted : BSE: Rs 91.50 ( 0.05 % ), NSE: Rs. 92.10 ( 0.44 % )

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This stock may give at least 100% returns from current levels in the next 6 months....

Better to sell

Posted by : Guest
Price when posted : BSE: Rs 87.50 ( -4.32 % ), NSE: Rs. 88.20 ( -3.82 % )

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VGV , do you work for sobha developers or a represntative of them ???...

In reply to:

Better to sell

Posted by : Guest

Compared to all other real estate firms, Sobha still enjoy upper hand in terms of its financial strenght and marketing capabilities. The current scenario is only temporary and Sobha has enough resources to combat the situation. The company is still strong and the share value is just not an indication of its strength. May be in the next few months it will recover from its current status and the share value will reach arounf Rs.350.00 +

VGV

Better to sell

Posted by : Guest
Price when posted : BSE: Rs 100.35 ( -3.00 % ), NSE: Rs. 101.05 ( -2.65 % )

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Compared to all other real estate firms, Sobha still enjoy upper hand in terms of its financial strenght and marketing capabilities. The current scenario is only temporary and Sobha has enough resources to combat the situation. The company is still strong and the share value is just not an indication of its strength. May be in the next few months it will recover from its current status and the share value will reach arounf Rs.350.00 +

VGV...

In reply to:

Better to sell

Posted by : Guest

In market , sobha has closed several projects in Bangalore and returned the money back to owners and vendors are not paid due to heavy financial crisis.It may take several years to recover.

How it can fall to 40? Make no sense

Posted by : vsaudit
Price when posted : BSE: Rs 101.00 ( -2.37 % ), NSE: Rs. 101.00 ( -2.70 % )

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I think you are not aware of the locations. Pl. visit these alongwith the company reps., you will understand. See the price is already 100. Wait for Rs 40 or even below Rs 25 in the next 6 months. The co. has defaulted substantially in the FMP market. This is very important for sign of bad times coming the cos way. ...

In reply to:

How it can fall to 40? Make no sense

Posted by : satcy

Wonder where the expert got the information -- "None of their projects are really currently selling" and "The locations are hopeless"!!

Like every other real estate major, in these tough times, the stock has also got drubbed. But with the interest rates coming down, and with all the money infused, things should turn around for the real estate companies and their stocks.

As for as their projects and locations, they have the best projects at the best possible locations. It`s not a mere chance that the countries leading IT company, Infosys has entrusted them with building their campus.

Better to sell

Posted by : Guest
Price when posted : BSE: Rs 103.60 ( -7.17 % ), NSE: Rs. 104.95 ( -5.79 % )

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In market , sobha has closed several projects in Bangalore and returned the money back to owners and vendors are not paid due to heavy financial crisis.It may take several years to recover....

NSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Limited has informed the Exchange regarding a press release dated October 30, 2008, titled "Sobha Developers Ltd - registers growth of 8.3% in revenues in HY109". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

NSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 64020 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 9950 lacs for the half year ending on 30-SEP-2008....

BSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Ltd has informed BSE regarding a Press Release dated October 30, 2008, titled "Sobha Developers Ltd - registers growth of 8.3% in revenues in HY109"...

BSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008....

NSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Limited has informed the Exchange regarding a press release dated October 30, 2008, titled "Sobha Developers Ltd - registers growth of 8.3% in revenues in HY109". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

NSE Announcements on Sobha Developer

Posted by : MMB Messenger
Price when posted : [Sobha Developer - BSE:Rs. 109.90 NSE:Rs. 109.40 when posted]

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Sobha Developers Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 64020 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 9950 lacs for the half year ending on 30-SEP-2008....