<ul data-eligibleForWebStory="false"><li>HDFC Securities maintains a 'Buy' rating on Sobha shares citing valuation comfort, robust free cash flow generation, and likely deleveraging as key triggers for further rerating.</li><li>Sobha reported a strong Q1 FY26 presales performance, up 11% YoY to Rs 20.8 billion, driven by sustenance sales in Gurugram, Bengaluru, and other markets, along with new launches contributing significantly to the gross development value.</li><li>In H2 FY26, Sobha is expected to see even stronger momentum with big launches planned in Gurgaon Sector 63A, Pune, Mumbai, and Bengaluru, showcasing the company's execution strength and development capabilities.</li></ul>

'Buy' Sobha Shares Maintains HDFC Securities On Multiple Growth Triggers

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