Sobha is currently trading at Rs. 554.10, up by 3.85 points or 0.70% from its previous closing of Rs. 550.25 on the BSE.
The scrip opened at Rs. 563.45 and has touched a high and low of Rs. 567.15 and Rs. 551.00 respectively. So far 14870 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.00 on 08-Jan-2018 and a 52 week low of Rs. 344.50 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 567.15 and Rs. 536.00 respectively. The current market cap of the company is Rs. 5245.92 crore.
The promoters holding in the company stood at 55.94%, while Institutions and Non-Institutions held 39.18% and 4.88% respectively.
Sobha has marked its foray into Gujarat market. The company will make an investment of over Rs 500 crore towards residential development in Gujarat International Finance Tee-City (GIFT City), India’s first Operational Smart City and International Financial Services Centre (IFSC). With this, the company will increase its residential footprint to 10 cities in India.
With a total built up area of 1.3 million square feet, the company will develop close to 1,000 housing units in the fully-integrated city built on the walk-to-work concept. This investment is in line with the company’s focus on developing affordable housing projects in major cities across the country.
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.
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| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
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