Sobha is our top choice for 2024, with a new target price of Rs 1,400, offering a potential gain of 25%.
NDTV Profit's special research section gathers high-quality, detailed reports on stocks and the economy from leading brokerages, asset managers, and research agencies in India. These reports provide NDTV Profit's subscribers with valuable insights into various companies, industries, and the overall economy.
The Motilal Oswal report discusses Sobha's performance compared to its competitors in terms of sales growth in the previous fiscal year, highlighting areas where Sobha may have lagged behind its listed peers.
To access the full Motilal Oswal report on Sobha's aspirations for growth and its strong financial position
Sobha's strong performance is predicted to be boosted by better profitability. Additionally, the clear visibility in converting some of its extensive land holdings in Bengaluru into cash is expected to increase the perceived value of its land assets. As a result, Sobha stands as our top recommendation for the year 2024, with a new target price of Rs 1,400, offering a potential gain of 25%.Sobha is expected to do really well because it will make more money and sell some of its land in Bengaluru, which will make its land worth more. That's why we think Sobha is a great investment choice for 2024. We predict its stock price could reach Rs 1,400, which is 25% higher than now. You can find more about this in the report on NDTV Profit:
[Link to the report](https://www.ndtvprofit.com/research-reports/sobha-aiming-for-higher-scale-with-strong-balance-sheet-motilal-oswal).
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