Sobha: Presales run rate reset. Maintain BUY
Q2FY24 operational data further strengthens our thesis as Sobha reported lifetime high presales of INR 17.2bn (+48.1%/+17.7% YoY/QoQ).
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Sobha: ‘R’eset, ‘R’estart, ‘R’efocus = ‘R’erating. Maintain BUY
Over the last year, SOBHA Ltd (SDL) has underperformed the Nifty Realty Index by 38% and peers Brigade and Prestige Estates by 33%/53%
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Real Estate (Q1FY25 Results Preview): Mixed Quarter
Other developers like Macrotech reported 20% YoY growth to INR 40.3bn. Prestige Estate reported 22% presales de-growth in the absence of any major...
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Real Estate (Q4FY24 Results Preview): Strong demand aiding presales momentum
Launches getting absorbed, presales conversion cycle contracting: We continue to witness strong demand undercurrent with real estate developers...
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HSIE Results Daily: Lupin, Cummins, Apollo Tyres, Kalpataru Projects International
Lupin: EBITDA growth (+98% YoY and +11% QoQ) was led by 20% YoY sales growth (US: flat QoQ, India +13% YoY, EMEA: +36% YoY and +71% RoW),
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