Sobha Developers is currently trading at Rs. 310.80, up by 1.55 points or 0.50% from its previous closing of Rs. 309.25 on the BSE.
The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 312.00 and Rs. 307.00 respectively. So far 1653 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. 338.00 and Rs. 305.10 respectively. The current market cap of the company is Rs. 3044.88 crore.
The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 35.52% and 3.90% respectively.
Credit rating agency, Brickwork Ratings has upgraded the rating assigned to long-term bank loan facilities amounting Rs 973.50 crore sanctioned to Sobha Developers. The credit rating agency has upgraded the Term Loans amounting Rs 668.50 crore and Cash Credit Facilities amounting to Rs 305.00 crore from ‘A-’ to ‘A’.
The above said rating ‘A’ stands for a credit facility that is considered to have adequate degree of safety regarding timely servicing of financial obligation.
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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 890.25 |
| Dilip Buildcon | 458.85 |
| DLF | 613.00 |
| Oberoi Realty | 1739.70 |
| Ahluwalia Contract(I | 891.15 |
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