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prashant · 30-11-06

Investor’s reaction to Sobha Developers after IPO issue opened

Analyst and Broking firms are very much bullish on Sobha Developers, after looking at the company’s past performance and future plans.

Investment Advisor, SP Tulsian says that Sobha Developers is a good issue and also a reflection of real estate boom and good market condition. The company has a good presence in Bangalore, which is Tier-I city. It has a good land bank in this city. It is a property developer and it develops commercial as well as residential properties. It is going to develop the land for next three-four years.

He also says that as compared to Parsvnath Developers, which has a pan-India presence, it looks a bit expensive; but still it is a good issue. Now a days Tier-I cities are growing very fast. It looks good for short term as well as long term. One can also use listing gains.

Broking firms have also come out with their reports on this issue. They firmly believe that the company looks good with the long term perspective.

Source from Moneycontrol.com

30-11-06	#3
prashant New Member Join Date: Oct 2006 Posts: 8 Thanks: 0 Thanked 0 Times in 0 Posts	Investor’s reaction to Sobha Developers Investor’s reaction to Sobha Developers after IPO issue opened Analyst and Broking firms are very much bullish on Sobha Developers, after looking at the company’s past performance and future plans. Investment Advisor, SP Tulsian says that Sobha Developers is a good issue and also a reflection of real estate boom and good market condition. The company has a good presence in Bangalore, which is Tier-I city. It has a good land bank in this city. It is a property developer and it develops commercial as well as residential properties. It is going to develop the land for next three-four years. He also says that as compared to Parsvnath Developers, which has a pan-India presence, it looks a bit expensive; but still it is a good issue. Now a days Tier-I cities are growing very fast. It looks good for short term as well as long term. One can also use listing gains. Broking firms have also come out with their reports on this issue. They firmly believe that the company looks good with the long term perspective. Source from Moneycontrol.com Last edited by prashant; 30-11-06 at 10:22 AM.