Sobha is currently trading at Rs. 624.50, up by 33.90 points or 5.74% from its previous closing of Rs. 590.60 on the BSE.
The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 636.45 and Rs. 575.50 respectively. So far 184840 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 636.45 on 30-Nov-2017 and a 52 week low of Rs. 242.20 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 636.45 and Rs. 523.05 respectively. The current market cap of the company is Rs. 6039.27 crore.
The promoters holding in the company stood at 56.08%, while institutions and non-institutions held 39.42% and 4.51% respectively.
Sobha has reportedly launched a super luxury waterfront residential project in Kochi ‘Marina One’, being built in co-ownership with Puravankara. The project will have 12 towers and a total of 1,141 apartments. The first phase of the project is expected to be completed by 2021.
The project will have two, three and four bedroom super luxury apartments. The size of the apartment units ranges from 2482.65 square feet to 3710.67 square feet.
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.