# HDFC Securities targets Sobha stock at ₹1,930

> HDFC Securities sees 66% upside for Sobha stock with ₹1,930 target.
- Title: HDFC Securities targets Sobha stock at ₹1,930 · mint
- Summary: HDFC Securities sees 66% upside for Sobha stock with ₹1,930 target. HDFC Securities maintains a buy rating on Sobha with a target price of ₹1,930, implying…
- Keywords: hdfc securities, sobha, stock market, target price, property stock, real estate, fy27, presales, launch pipeline, profitability, money, business
- Source: mint — https://livemint.com/market/stock-market-news/down-21-in-3-months-but-hdfc-securities-sees-66-upside-in-this-property-stock-check-target-price-rationale-11791622041810.html
- Author: Pranati Deva
- Published: 2026-10-10T09:41:41+00:00
- Read time: 1 min
- Topics: hdfc securities, sobha, stock market, target price, property stock, real estate, fy27, presales, launch pipeline, profitability, money, business
## Sobha stock down 21% in 3 months
Sobha shares have fallen 21% in three months, though HDFC Securities sees 66% upside potential.
## HDFC Securities sets ₹1,930 target
HDFC Securities maintains a buy rating on Sobha with a target price of ₹1,930, over 66% above its October 9 close.
## Record presales in Q2FY27
Sobha recorded presales worth ₹2,210 crore in Q2FY27, up 16% year-on-year but down 40% quarter-on-quarter.
## Strong launch pipeline
Sobha launched two projects covering 1.03 million square feet in Calicut and Mysore during the first half of FY27.
## Expected margin improvement
HDFC Securities expects Sobha’s margins to improve meaningfully from the second half of FY27 as revenue recognition increases.
## Growth across key markets
Bengaluru contributed ₹1,310 crore, or 60% of presales, while NCR and Kerala accounted for ₹590 crore and ₹300 crore respectively.
## HDFC Securities' FY27 sales estimate
HDFC Securities expects Sobha to clock sales exceeding ₹10,000 crore in FY27, representing 70% year-on-year growth.
## Projected earnings for FY27
Adjusted profit after tax is estimated at ₹674 crore in FY27, up from ₹310 crore in FY26.
## What happens next
Sobha shares could rise to ₹1,930 if planned launches and margin improvements are executed as expected.
## Key takeaway

HDFC Securities maintains a buy rating on Sobha with a target price of ₹1,930, implying 66% upside from its October 9 close of ₹1,161.70.