BUILDING BRICK BY BRICK
Ali On Content / 04 Jan 2010
BSE Code: 532784
CMP: Rs 246
Volume: 249709
Sobha Developers looks good for short-term investment. Our sources suggest that the management is very confident of achieving good numbers in FY10 and better growth in FY11. The company has earmarked plans to start its activities in Pune, Gurgaon and Chandigarh. As per the management, the profitability will improve in the current year but the EPS will not reflect the same due to equity dilution. On a technical basis, the scrip is witnessing a consolidation and investors willing to take some risk can enter the counter.
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