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Siddharth Oberoi, fund manager at Prudent Equity shares the firm’s strategy for driving index-beating returns, the top bets of the fund, and the available opportunities in the market amid global risks.

The stock quoted a 52-week high of Rs 7638.0 and a 52-week low of Rs 5557.05.

“Domestic inflows and some easing off within the FII outflows are taking the market higher, The geopolitical uncertainty still remains high and that is likely to impact the markets. On the domestic side, the flows are impacting the market. In addition to that, we expect some kind of volatility may creep into the market because the elections are around the corner.”

A total of 135,818 shares changed hands on the counter till 10:10AM (IST).

Short-term traders can look to buy the stock now for a target of levels above 6700 in the next 3-4 weeks, suggest experts.

“The IT market has been hit and it has been hit hard. In some cases, we are seeing some sort of recovery but it is very early yet. So cannot say whether this is going to last and whether things will get better going forward. The Naukri business, the overall recruitment business has been sort of flattish for us this quarter.”

The stock quoted a 52-week high price of Rs 8338.85 and low of Rs 5708.1.

Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7296.02 Crore) operating in Real Estate sector.

The Nifty Pharma index was trading 1.44 per cent up at 15490.95.

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