LIVE MARKET TRACKER :   BSE SENSEX   27019.39      |    NSE NIFTY 8083.05    
GLOBAL MARKETS :  NASDAQ 4589.339   +0.20%    |    FSI London 6829.17   +0.06%    |    NIKKEI Japan 15668.6   +1.24%
  USD GBP EUR CAD AUD INR
USD - 0.607 0.762 1.0923 1.0784 60.61
GBP 1.6477 - 1.2555 1.7998 1.7769 99.8659
EUR 1.3124 0.7966 - 1.4336 1.4154 79.5464
CAD 0.9155 0.5557 0.6976 - 0.9874 55.491
AUD 0.9274 0.5629 0.7067 1.013 - 56.2109
INR 0.0165 0.01 0.0126 0.018 0.0178 -
Indian-Commodity  :  Equity & Shares  :  Sobha Developers rises on selling property worth Rs 1,540 crore in last three quarters

Sobha Developers rises on selling property worth Rs 1,540 crore in last three quarters (04-Feb-2013)

Sobha Developers is currently trading at Rs 431.85, up by 7.55 points or 1.78% from its previous closing of Rs. 424.30 on the BSE.

The scrip opened at Rs 426.40 and has touched a high and low of Rs 431.85 and Rs 425.50 respectively. So far 566 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 450.00 on 01-Feb-2013 and a 52 week low of Rs 252.55 on 08-Feb-2012.

Last one week high and low of the scrip stood at Rs 450.00 and Rs 415.00 respectively. The current market cap of the company is Rs 4160.85 crore.

The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 36.09% and 3.33% respectively.

Sobha Developers has sold property worth Rs 1,540 crore during first nine months of this fiscal, a growth of 24.49% as compared to Rs 1,237 crore in the year-ago period on increase in volumes as well as realisation.

In volume terms, the company sold 2.68 million sq ft of new space during April-December period, as against 2.42 million sq ft in the corresponding period of previous year. Average sales realisation also improved by 12% at Rs 5,738 per sq ft against Rs 5,110 a sq ft during the period under review.

Recently, the company, on consolidated basis, posted growth of 6.05% in its net profit at Rs 5.26 crore for the third quarter as compared to Rs 4.94 crore for the same quarter in the previous year. Total income of the company increased by 37.40% at Rs 429.80 crore for quarter under review as compared to Rs 312.80 crore for the quarter ended December 31, 2011. 

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.


Top News Today
RIL, ONGC and Wockhardt to see some action today
(01-Sep-2014)

RIL, ONGC and Wockhardt to see some action todayReliance Industries (RIL) has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ, saying that the withdrawal of the concessions offered to special economic zones (SEZ) has made......click on news to read complete article.

M&M, Hero MotoCorp and Tech Mahindra to see some action today
(27-Aug-2014)

M&M, Hero MotoCorp and Tech Mahindra to see some action todayMahindra Agribusiness, part of the farm to aerospace conglomerate Mahindra & Mahindra (M&M), is all set to enter the dairy segment through the inorganic route, with a focus on the pouched......click on news to read complete article.

RIL, SAIL and Tata Steel to see some action today
(21-Aug-2014)

RIL, SAIL and Tata Steel to see some action todayReliance Industries (RIL) is implementing a project to import 1.5 million tonnes of ethane to feed its crackers in India, taking advantage of the US shale gas revolution. The project will significantly......click on news to read complete article.

International Stock News
US markets gain on encouraging economic data
(01-Sep-2014)

US markets gain on encouraging economic dataThe US markets closed higher on Friday, building on weekly and monthly advances, as largely upbeat US economic data offset overseas worries. The S&P and Dow notched their fourth up week in a row,......click on news to read complete article.

US markets closed mostly up; S&P holds 2,000 mark
(28-Aug-2014)

US markets closed mostly up; S&P holds 2,000 markThe US markets closed mostly higher on Wednesday, with the S&P 500 staying around 2,000 a day after it closed over that milestone. Global markets are surmounting crises in Ukraine, the Gaza Strip......click on news to read complete article.

US markets gain; S&P close above 2,000 for the first time
(27-Aug-2014)

US markets gain; S&P close above 2,000 for the first timeThe US markets closed higher on Tuesday, with the S&P 500 notching it's first-ever finish above the milestone level of 2,000. A stronger-than-expected reading on consumer confidence provided a......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.