Home / Business and Economy / Sobha Shares Soar as Bullish Signals Emerge Ahead of Market Open
Sobha Shares Soar as Bullish Signals Emerge Ahead of Market Open
4 Nov
Summary
- Sobha stock price rises above key ₹1,600 resistance level
- Bullish moving average crossover signals strengthening uptrend
- Analysts recommend buying Sobha shares with ₹1,750 target price
As the Indian stock market prepares to open on November 4, 2025, the focus is on the performance of Sobha, a leading real estate company. The stock has begun the week on a positive note, with its price rising well above a key resistance level of ₹1,600.
According to the analysis, the short-term outlook for Sobha is bullish. The recent rise in the share price has strengthened the case for further gains, with the ₹1,620-₹1,590 region now acting as a good support zone. Additionally, a moving average crossover on the daily chart has further reinforced the bullish sentiment.
Analysts are recommending investors to buy Sobha shares at the current price of ₹1,657, with a target price of ₹1,750 in the coming weeks. This suggests a potential upside of around 6% from the current levels.
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Meanwhile, the overall market has witnessed mixed fund flows, with foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) recording a net sell of ₹1,883.78 crore, while domestic institutional investors (DIIs) recorded a net buy of ₹3,516.36 crore.
