Sobha Shares Soar as Bullish Signals Emerge Ahead of Market Open

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.

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.