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highlights
A year ago Sobha Limited share price was Rs 461.50.
Now the price of this multibagger share has become Rs 1650.
Sobha Limited shares have given 257 percent return in one year.
New Delhi. If you also want to invest money in an earning share, then you can invest in the shares of Sobha Limited, a real estate sector company. In one year, this Multibagger Stock has given 257 percent return to investors. In the last trading session i.e. on Wednesday, the shares of Sobha Limited closed at the level of Rs 1650 (Sobha Ltd Share Price) on NSE with a rise of 3 percent. Brokerage firm Nuvama Institutional Equities has also advised investors to invest money in this stock.
52week high of Sobha Limited share is Rs 1687. Thus, the stock is currently trading near its 52-week high. The 52-week low of the stock is Rs 434. One year return of Sobha Limited is more than Nifty Realty. Nifty Realty has given 128.70 percent return during this period while Sobha Limited share has given 257 percent profit. Sobha Limited had recently announced to develop a housing project on 26 acres in Bengaluru.
read this also, The one who invested Rs 1 lakh in this stock 3 years ago is a millionaire today, Power Stock changed his fortunes
Brokerage increased the target price
Domestic brokerage firm, Nuvama Institutional Equities has maintained its ‘buy’ rating on the stock of Sobha Limited, but increased the target of the stock to Rs 1876. The brokerage says, “The best pre-sale has been achieved in FY 2024. The value of pre-sales was estimated at Rs 6640 crore, which shows a growth of 28 percent on an annual basis.
The brokerage says that the overall sales value of Sobha Limited in the fourth quarter of FY 2024 has been Rs 1500 crore, which is 3 percent more on an annual basis, whereas on a quarterly basis it has declined by 23 percent. Due to delay in launching of new projects, bookings have been negatively impacted. The company launched a total of four projects in the fourth quarter.
Also read- This is a share that can remove poverty! ₹ 1 lakh converted into ₹ 8 lakh in just one year, still on the rise
Money increased three times in a year
A year ago Sobha Limited share price was Rs 461.50. Now it has increased by 257 percent to Rs 1650. In this way, the share price has increased by 257 percent in a year. If an investor had invested Rs 1 lakh in this share a year ago and has maintained his investment till now, then today the value of his investment has become Rs 357,529.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)
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Tag: business news in hindi, tips to earn money, multibagger stock, stock tips
first published : April 11, 2024, 2:46 pm IST
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