Sobha trades in green on BSE

Sobha Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532784 | NSE: SOBHA

15 Jul 2016 Evaluate

Sobha is currently trading at Rs 330.40, up by 4.00 points or 1.23% from its previous closing of Rs 326.40 on the BSE.

The scrip opened at Rs. 327.10 and has touched a high and low of Rs. 334.00 and Rs. 327.00 respectively. So far 3160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 371.30 on 17-Jul-2015 and a 52 week low of Rs. 230.05 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 342.80 and Rs. 322.00 respectively. The current market cap of the company is Rs. 3245.91 crore.

The promoters holding in the company stood at 60.58%, while Institutions and Non-Institutions held 34.95% and 4.47% respectively.

Sobha, the most trusted real estate developer, has completed first 200 units of Sobha Dream Acres project situated at Balagare in Bangalore. The project which is a 1000-crore brand, has set new standards in the industry by completing it 20 months ahead of scheduled delivery, using state-of-the-art precast technology. This validates Sobha's capability in timely delivery of large volumes with minimum construction cost.

Sobha Dream Acres was launched in February 2015 with an aim to bring in compact luxury homes, thus stepping into an altogether new segment for the first time. It remains Bangalore's largest residential township project with 6,945 units spread across 81 acres, with a total developable area of 10.23 million square feet. It will comprise of 1 BHK and 2 BHK units with super built-up area (SBA) ranging from 650 to 1000 and to 1,200 square feet, when fully completed. The project will have abundant green space for sports and recreational facilities as also natural lighting and ventilation.

Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.