Gold Silver Reports (GSR) – Sobha Extend Gains After ‘New’ Buy Rating – Shares of the real estate developer rose as much as 9.9 percent, the most in over five months, to ₹ 489.
International brokerage and research firm Deutsche Bank initiated coverage on the stock with a ‘Buy’ rating and expects its shares to reach ₹ 550 in the next 12 months, according to Bloomberg report.
The price target implies a potential upside of 23.6 percent from the last regular trade. The stock is 22 percent below the Bloomberg consensus one-year price target.
