Stock Market: If you want to earn big, bet on this realty stock.

New Delhi. If you also want to invest in the earning side, you can invest in shares of Sobha Limited, a real estate sector company. In one year, this multi-bagger stock has given investors a return of 257%. In the last trading session i.e. on Wednesday, shares of Sobha Ltd closed at Rs 1650 (Sobha Ltd share price) with an increase of 3% on NSE. Brokerage firm Nuvama Institutional Equities has also advised investors to invest in this stock.

Sobha Limited’s 52-week high is Rs.1687. Thus, the stock is currently trading near its 52-week high. The stock’s 52-week low is Rs 434. One year return of Sobha Limited is higher than Nifty Realty. Nifty Realty has given a return of 128.70% during the period while the shares of Sobha Ltd have given a return of 257%. Sobha Limited recently announced to develop a housing project on 26 acres in Bengaluru.

Also read this, Whoever invested Rs 1 lakh in this stock 3 years ago is a millionaire today, Power Stock changed his fortune.

The brokerage increased the target price.
Domestic brokerage firm, Navama Institutional Equities, has maintained its ‘buy’ rating on the stock of Sobha Ltd, but raised the target for the stock to Rs 1,876. The brokerage says, “The best pre-sale has been achieved in FY 2024. The pre-sale value was estimated at Rs 6,640 crore, showing a growth of 28 per cent YoY.
The brokerage said Sobha Ltd’s gross sales in Q4FY24 stood at Rs 1,500 crore, up 3 percent year-on-year, while it declined 23 percent quarter-on-quarter. Is. Bookings have been adversely affected due to delays in the launch of new projects. The company launched a total of four projects in the fourth quarter.

Also read- This is the share that can remove poverty! ₹ 1 lakh turned into ₹ 8 lakh in just one year, still growing.

The amount tripled in one year.
A year ago Sobha Ltd’s share price was Rs 461.50. Now it has increased by 257% to Rs 1650. Thus, the share prices have increased by 257% in one year. If an investor had invested Rs 1 lakh in this share a year ago and maintained his investment till now, today his investment is worth Rs 357,529.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

Tags: money making tips, Multi bagger stock, Stock tips