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Sobha trades higher on proposal to buyback equity shares up to Rs 62 crore

01 Aug 2017 Evaluate

Sobha is currently trading at Rs. 401.65, up by 3.65 points or 0.92% from its previous closing of Rs. 398.00 on the BSE.

The scrip opened at Rs. 408.65 and has touched a high and low of Rs. 410.00 and Rs. 398.95 respectively. So far 12907 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.05 on 17-May-2017 and a 52 week low of Rs. 224.05 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 410.00 and Rs. 392.25 respectively. The current market cap of the company is Rs. 3857.97 crore.

The promoters holding in the company stood at 56.08%, while Institutions and Non-Institutions held 39.19% and 4.73% respectively.

Sobha proposes to buyback equity shares of the company, for an aggregate amount up to Rs 62 crore. The board of directors of the company will consider the proposal on August 04, 2017.

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.

Sobha Share Price

1426.05 -23.50 (-1.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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