Sobha is currently trading at Rs. 624.00, up by 33.35 points or 5.65% from its previous closing of Rs. 590.65 on the BSE.
The scrip opened at Rs. 594.70 and has touched a high and low of Rs. 632.00 and Rs. 588.50 respectively. So far 133998 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. 531.00 respectively. The current market cap of the company is Rs. 6026.75 crore.
The promoters holding in the company stood at 56.08%, while institutions and non-institutions held 39.42% and 4.51% respectively.
Sobha is reportedly planning to spend Rs 3,000 crore in construction cost to build 7-10 million square feet in four to six quarters. Some projects are owned by the company and few are joint development.
Constructions are for apartments and villa development and launches are spread across Bengaluru, Kochi, Pune, Chennai, Thrissur, Kozhikode and Gurugram. Moreover, the company is planning at least two more project launches this quarter itself.
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.
