After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]
Sobha
The index is currently trading with a 2.66% decline at 1,119 points, having hit an intraday low of 1,111, down by 3%. Leading the losses within the index was Sobha, which dropped 4%, followed by Prestige Estates Projects, Godrej Properties, Brigade Enterprise, and Macrotech Developers, all trading with declines between […]
In the past eight trading sessions alone, the Nifty Realty index surged by 15%. Today, it reached a new peak of 1,134 points. Year-to-date, the index has already risen by 44%. Notably, all 10 constituents of the index have gained between 20% and 121% during this period. Also Read: Budget […]