scorecardresearchElara Capital sees a 49% upside in Sobha; here's why

Elara Capital sees a 49% upside in Sobha; here's why

Updated: 24 May 2022, 09:51 AM IST
TL;DR.
  • FY22 has proven to be an excellent year, as the company achieved its best-ever sales volume and sale value. Due to sustained demand and price rise, Sobha achieved its best-ever price realization of 8,265 per sqft, said Elara.
Elara pointed out that for Q4FY22, Sobha reached its highest-ever quarterly cash inflow of  <span class='webrupee'>₹</span>1291 crore, up 22 percent QoQ and 32 percent YoY, photographed by Ramesh Pathania/Mint.

Elara pointed out that for Q4FY22, Sobha reached its highest-ever quarterly cash inflow of 1291 crore, up 22 percent QoQ and 32 percent YoY, photographed by Ramesh Pathania/Mint.