Sobha Developers is currently trading at Rs 275.35, up by 3.70 points or 1.36% from its previous closing of Rs 271.65 on the BSE.
The scrip opened at Rs 271.00 and has touched a high and low of Rs 280.90 and Rs. 271.00 respectively. So far 2808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 472.40 on 13-Feb-2013 and a 52 week low of Rs 214.10 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs 286.00 and Rs 259.00 respectively The current market cap of the company is Rs 2682.05 crore.
The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 36.30% and 3.12% respectively.
Credit rating agency, ICRA has upgraded ‘A-’ rating to Sobha Developers’ Fund Based Working Capital Limits worth Rs 365.00 crore, Term Loans worth Rs 648.00 crore and Non Fund Based Working Capital Limits worth Rs 125.00 crore from ‘BBB+’
Earlier, the company had launched ‘Sobha Bela Encosta Villa Project’ at Kozhikode in state of Kerala. Sobha Bela Encosta Villa Project presents the company’s first project in Kozhikode, which is a villa township - inspired by Portuguese architecture and landscape. The innovatively planned gated estate offers 113 villas set in 25 acres with 5 living options ranging from 3,600 square feet to 4,800 square feet. Each villa comes with covered car parks and a designer landscape.
Sobha has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur. It has completed 83 projects aggregating to 20.78 million sq ft of saleable area and is presently developing 43 projects with 17.4 million sq ft of saleable area.