Goldman Sachs has reiterated its buy rating for its conviction list for realtor Sobha Developers saying it expected a significant jump in FY2013 operating cashflows. The company has launched 11 million square feet of residential projects in the last six quarters and is in the process of launching 8 million square feet more this fiscal,it said. These projects provide sales visibility of 78 billion rupees,Goldman Sachs said in its note. At 11:16 a.m.,the stock was up 5.7 percent at 270.60 rupees. Stocks More on Sobha Developers Company INFO More on Sobha Developers
