Sobha has 190msf land reserve valued at ₹90b which provide strong growth visibility. TP ₹2250 (+32%)

Sobha has 190msf of land reserve valued at ₹90b which provide strong growth visibility (25-75 years of monetization). Co trades at 8.5x FY25E EV/EBITDA which is at a 15-30% discount to comparable peers (PEPL, GPL, MLDL & Sunteck). Buy for TP ₹2250 (+32%) https://rakesh-jhunjhunwala.in/sobh...arget-price-of-₹2250-32-upside-motilal-oswal/