** Shares of Indian real estate developer Sobha SOBH.NS fall nearly 4% to 1468 rupees, lowest since Jan. 2
** Co posts a nearly 29% fall in Q3 profit y/y, rev falls 23% y/y
** Jefferies ("hold", PT at 1650 rupees) says earnings missed its expectations due to project completion delays, but margin recovery is likely going forward
** However, adds that co's maintained good operating performance in Q3; co has strong launch pipeline, strong pre-sales, Jefferies says
** SOBH rated "buy" on avg by 14 analysts covering it; median PT at 1850 rupees - data compiled by LSEG
** In 2025, SOBH lost 7.45%
(Reporting by Komal Salecha in Bengaluru)
((Komal@thomsonreuters.com))
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