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Sobha shares soar 17% to hit one-year high on proposal to raise fund via rights issue

Sobha share price: The stock surged 17.08 per cent to hit 52-week high price of Rs 1,552.30. At this price, the multibagger scrip has rallied 276.41 per cent from its one-year low of Rs 412.40, a level seen on March 29 last year.
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Sobha shares jump 9% on strong Q4 numbers; Choice Broking sees another 24% potential upside

Sobha share price: The stock today soared 9.34 per cent to hit a day high of Rs 554.90 over its previous close of Rs 507.50. Considering Tuesday's high price, the scrip traded 34.55 per cent higher from its 52-week low of Rs 412.40, a level seen on March 29, 2023. Yet, the counter has lost 26.01 per cent from its one-year high of Rs 750, hit on September 9 last year. ....

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Sobha shares: Jefferies lowers stock price target, still sees 28% potential upside

Jefferies said low inventories and strong demand imply 15-20 per cent FY24 pre-sales growth target is highly launch-dependent. The foreign brokerage has revised its price target to Rs 683 from Rs 750 earlier. 

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