Sobha Slips Despite Q1 Profit Rise

  Published 11 months ago

Sobha shares dip 1.4% as Jefferies flags muted Bengaluru demand, urges consistent launches for FY26 growth targets.

  • Q1 sales boost driven by NCR projects; Bengaluru market remains soft, impacting broader regional momentum.
  • Jefferies maintains a "hold" rating vs the average analyst "buy", citing limited near-term growth visibility.
  • Stock up 1% YTD despite strong Q1 earnings and revenue rise; launch pipeline key for upside.

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