Shares of Sobha Ltd were trading 1.88% higher at ₹1,433.10 on Friday, Dec 12, after global brokerage HSBC reaffirmed its bullish stance on India’s real estate sector and maintained a ‘Buy’ rating on leading developers, including Sobha, Godrej Properties and DLF.
HSBC noted that while real estate stocks have underperformed in recent weeks, the sector’s fundamentals remain solid, supported by:
- Low unsold inventory across major cities
- Disciplined debt levels among top developers
- Strong launch pipelines, reflecting sustained buyer demand
The brokerage also highlighted that investors are waiting for cash flow visibility and project completions, which could trigger the next leg of sector-wide re-rating.
Sobha, known for its premium residential projects and healthy presales momentum, is expected to benefit from the industry’s strong demand cycle and improving affordability trends.
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