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SOBHA, another realty stock with great potential. a good pick.Hello traders, Previously an idea was posted on godrejprop, this is another realty stock at a good dip as well with a great potential. the realty sector is expected to boom in 2023. let us look onto a short note on fundamentals of SOBHA. A short description of the company: Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities. The Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. Key points to note: Real Estate (64% of the revenue, FY21)- It includes the sale of housing and commercial leasing of properties. Contractual and Manufacturing (36%)- It comprises the development of commercial premises and other related activities, including manufacturing activities related to interiors, glazing and metal works, and concrete products. Corporate Clients Co.‘s corporate clients include LuLu group, Biocon, Dell, Bosch, Syngene, Taj Hotels, HCL, ITC Hotels, Huawei Technologies, and many more. Self-reliance through Backward Integration It is the only company in the sector to have a full-fledged backward integrated model of operations. Under the backward integration model, the Co. has three manufacturing divisions - Glazing and Metal Works, Interiors and Concrete Products which are used for the manufacturing of houses. It also has a very high-end mattress manufacturing unit under the brand name Sobha Restoplus, started in 2007. High Concentration in Bengaluru Sobha has a presence in the residential segment in 10 cities and its overall footprint extends to 27 cities in 14 states across India. However, the company derives 67% of the revenue only from Bangalore. Commercial Portfolio As of Mar 2020, the Co. had two commercial malls in this business vertical, the "Sobha City" Mall in Thrissur with a total developable area of 0.44 million square feet, and the “One Sobha” mall in Bangalore with a total developable area of 0.23 million square feet. Ongoing Projects As of FY21, the company has real estate projects aggregating 30.11 million square feet of developable area. It has 5.64 million square feet of ongoing contractual projects which are under various stages of construction. New Project Launched in FY21 SOBHA launched new projects to the tune of 2.89 million square feet during FY21. The Company opened its first flagship retail showroom under the 'metercube' brand with an area of 29,526 square feet at Bengaluru. Healthy Order Book The company has received orders worth Rs. 2,126 crore only from the Contractual and Manufacturing segment, which is 1.4 times the FY2020 revenues from the segment. Capex incurred in FY20 and FY21 In FY20, Co. added 239 Cr in the Fixed Assets, mainly on scaffolding items and additions to Plant and Machinery and it incurred a Capex of 15 Crores in FY 21. Also SOBHA has recorded its highest ever sales in volume and value wise as its Q3 sales booking rise 36%. The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year. Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year. During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago. In the first nine months of this fiscal, the company achieved total sale of 4.17 million square feet, an increase of 16.9 per cent over the preceding year. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ if you look at the charts, there is a reversal from a strong support/resistance zone and is looking good to buy at cmp. if we also look onto the longer timeframe, there has been observed a darvas box consolidation breakout and the stock is currently giving a retest. Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :) Market has crashed so few of our stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips. As always, simple and neat charts so everyone can understand and not make it too complicated. Will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
NSE:SOBHALong
by Aniketyourtechnicalanalyser
2
Crisil weekly trend analysisCrisil weekly trend analysis. > Falling wedge breakout > 7 months downtrend break on weekly timeframe. (From may 2022) > Size of the pattern is 890 rs. > Forming an Inverted H&S Which is bullish pattern. > Entry break and trade above 3100. > Potential targets 3223,3424,3626,3840. > keep will be 7-10% below entry price. > position size : 10-20% of the trading capital. > max risk : 1-2% of trading capital. > time : 1-6 months. > Happy swing/positional trading. Note: only for educational purpose, trade at your own risk.
NSE:CRISILLong
by pankaj1614312
📊BANKNIFTY IDEA - 28-12-2022 NSE:BANKNIFTY Banknifty key levels are marked on chart. Intraday resistance - 43000 if breaks then bullish move is expected. If it doesn't break and if drift below 42850 then a fall towards the major Support 42000 Is expected. The price has reversed instantly with high momentum from major trendline support. Use position sizing according to your stoploss level. Like this idea if you find it useful and please share with your friends. Keep learning, Happy trading. Thankyou.
NSE:BANKNIFTY
by SANJAYPATIDAR_
BHARAT FORGE - TREND CONTINUATION PATTERN GUIDENSE:BHARATFORG What is trend continuation ? Trend continuation means when we are in uptrend and witness a healthy correction most likely sideways movement in a channel and it breaks the correction sideways zone with big momentum candles then it might be signaling a strong new up trend starting. #so lets see how we can play with trend continuation on a live setup in Bharat forge. Whats happening in Bharat forge? *Used Bar chart on a weekly Timeframe. There are confluence of factors that are signaling this setup. Lets identify them one by one 1. Prior trend :- The most important thing one should confirm is the existance of previous trend, cause if there is no identifiable previous trend then how can the price form a trend continuation pattern. As in bharat forge there is a good bullish prior up trend. * on chart marked as Major up trend. 2.Correction:- The Stock should give a opposite move in the trend with low volumes and the range of movement should be narrow. the tighter the range the better it is. This correction should not break any major lows in the previous up trend. As in Bharat forge the corection is in form of channel and its on low volumes. 3.Confirmation signals:- some basic confirmation signals are (a.) Strong breakouts on small time-frame (b.) Volume picking up. (c.) Big momentum candels. As in Bharat forge formed a strong resistance at 850, the price is unable to break this level from last 1 year in 3 attempts. on 31-10-2022 it formed a Ranging candle and created a rally base rally power pattern and move above 850 can give a strong break out for a positional target of 1000+ One can hold with a stop loss of 789 and do trail the stoploss with favorable movement. Hope you like this Idea. please like and comment. Thanks for reading. Keep learning, Happy trading.
NSE:BHARATFORGLong
by SANJAYPATIDAR_