Sobha, DLF, and Brigade: Top Real Estate Stocks for Your Portfolio
Explore the performance and future outlook of Sobha, DLF, and Brigade Enterprises, three leading real estate companies in India. Discover their Q2 results and technical analysis to make informed investment decisions.
Real Estate News:Shares of realty companies are likely to be in the limelight in the near-term following a strong Q2 performance by Bengaluru-based real estate developer, Sobha. Sobha reported a 305% surge in Q2FY26 standalone net profit at ₹103.77 crore compared to ₹25.60 crore in Q2FY25. Total income jumped by 63.9% year-on-year (YoY) to ₹1,551.95 crore from ₹946.97 crore. The company also reported a 61% YoY surge in sales booking at ₹1,902.60 crore and stated it held unsold properties valued at ₹13,000 crore, with more projects in the pipeline.
In a recently concluded analyst call, Sobha's managing director Jagadish Nangineni said the company had an inventory of 10 million sq. ft. in existing projects as of Q2FY26. Sobha plans to launch 13 new projects covering a saleable area of around 16 million sq. ft. for an estimated revenue of ₹22,000 crore. This week, another Bengaluru-based realty firm, Brigade Enterprises, will report Q2 earnings on October 29, followed by Delhi-based DLF on October 30.
Meanwhile, on the stock exchanges, realty stocks have underperformed so far in the calendar year 2025. Brigade Enterprises has shed 19%. DLF and Sobha have slipped 2% and 1%, respectively, with the Nifty Realty index down 10.5%. In comparison, the NSE Nifty has surged 9% in the 10 months thus far. Given this background, here's a technical outlook on DLF, Brigade Enterprises, and Sobha for the likely trend ahead.
On the charts, Sobha has been consolidating around its 20-Month Moving Average (20-MMA) for the last six months. The 20-MMA at ₹1,525, coupled with the 200-Day Moving Average (200-DMA) at ₹1,390, are the key levels to watch out for. Interim support for Sobha is visible around its 100-Week Moving Average (100-WMA) at ₹1,461. On the upside, the stock needs to trade consistently above ₹1,575 to gain strength. As such, the stock can potentially rally to ₹1,940, with intermediate resistance likely around ₹1,660, ₹1,735, and ₹1,820 levels.
DLF has bounced back after testing support at the monthly trend line earlier this year. The near-term bias for the stock is likely to be cautiously optimistic as long as the stock holds above ₹710, with near support seen at ₹755 and ₹740 levels. At present, the stock is seen testing resistance around its 100-DMA at ₹776, above which the next key hurdle stands at ₹825. On the upside, the stock can attempt a rally towards the ₹900-mark, hints the long-term chart.
Brigade Enterprises has been trading below its 100-DMA and the 200-DMA for the last three months, indicating resistance at ₹1,019 and ₹1,028, respectively. The overall bias at the counter is likely to remain tepid as long as the stock trades below ₹1,075. On the downside, the stock is seen attempting to form a support base around ₹880 levels. Near support for the stock is visible at ₹964 and ₹954 levels; below which support for the stock can be anticipated around ₹920.
Frequently Asked Questions
What is Sobha's current price and target price?
Sobha's current price is ₹1,546, and its likely target price is ₹1,940, offering an upside potential of 24.8%.
How has DLF performed in the recent quarter?
DLF has bounced back after testing support at the monthly trend line earlier this year. Its current price is ₹779, and the likely target price is ₹900, with an upside potential of 15.5%.
What is the current price of Brigade Enterprises and its likely target?
Brigade Enterprises' current price is ₹1,013, and its likely target price is ₹880, indicating a downside risk of 13.1%.
What are the key support and resistance levels for Sobha?
Sobha's key support levels are at ₹1,461 and ₹1,390, while the resistance levels are at ₹1,575, ₹1,660, ₹1,735, and ₹1,820.
What is the near-term bias for DLF's stock?
The near-term bias for DLF's stock is cautiously optimistic as long as the stock holds above ₹710, with near support seen at ₹755 and ₹740 levels.