Wednesday, 29 June 2016

Sobha surges 4%; to launch Sobha City

The project is one of the largest group housing projects in Gurgaon which will offer best-in-class living experience to the customers.

Sobha Limited stock was higher by 4% at Rs. 321. The company will launch its first luxury apartment project, Sobha City in Delhi-NCR.
Sobha Developers
The project is one of the largest group housing projects in Gurgaon which will offer best-in-class living experience to the customers.

The scrip opened at Rs. 314.9 and has touched a high and low of Rs. 325.4 and Rs. 314.9 respectively. So far 41992(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3032.02 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 383.9 on 07-Jul-2015 and a 52 week low of Rs. 230.05 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 329.7 and Rs. 302 respectively.

The promoters holding in the company stood at 60.58 % while Institutions and Non-Institutions held 34.58 % and 4.84 % respectively.

The stock is currently trading above its 50 DMA.

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