Sobha is currently trading at Rs. 478.00, up by 10.45 points or 2.24% from its previous closing of Rs. 467.55 on the BSE.
The scrip opened at Rs. 473.00 and has touched a high and low of Rs. 481.00 and Rs. 471.70 respectively. So far 4530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 581.00 on 09-Jun-2014 and a 52 week low of Rs. 260.20 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 499.00 and Rs. 460.25 respectively. The current market cap of the company is Rs. 4689.90 crore.
The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 34.88% and 4.54% respectively.
Sobha (formerly Sobha Developers) is planning to launch ‘Aspirational Homes’ in Balagere, Bengaluru, first of its kind for the company. The project will entail the company’s trademark quality standards. The project will be developed with the help of pre-cast technology using best-in-class machinery that will be imported from Germany and Italy and installed at the project site.
The Project is located in the midst of the four major roads in the city - the Outer Ring Road (ORR), Marathahalli road, Varthur road and Sarjapur road - aptly termed the ‘Golden Quadrilateral’. The project is not just ideally located in close proximity to the city’s IT corridors but is also located at a convenient distance from the best hospitals, schools, colleges, malls and other recreation centres.
The project is expected to have a total developable area of 10.26 million square feet and total super built-up area of 7.57 million square feet, set on a total land area of 81 acres. The project will comprise of 1 and 2 BHK units with SBA ranging between 650 to 1,200 square feet, with over 6,000 units.