Shares of Sobha Developers will rise in absolute terms over the next 30 days, Morgan Stanley said in a note citing correction of more than 20%t over last 4 months making the valuation attractive.
The stock is trading at a 55% discount to our forward price the company is on course to achieve its 2011 - 12 new sales guidance of 30-35 lakh sq. ft.
The Morgan Stanley expects a potential reduction in net debt should be a rerating driver for the stock
The stock is trading at a 55% discount to our forward price the company is on course to achieve its 2011 - 12 new sales guidance of 30-35 lakh sq. ft.
The Morgan Stanley expects a potential reduction in net debt should be a rerating driver for the stock
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