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Sobha Gains 5%; BSE REALTY Index Up 2.2%
Thu, 13 Jun 16:8

Sobha share price has zoomed 5% and is presently trading at Rs 2,168.9.

Meanwhile, the BSE REALTY index is at 8,738.0 (up 2.2%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 3.2%) and DLF (up 1.7%).

SUNTECK REALTY (down 2.1%) and Phoenix Mill (down 0.6%) are among the top losers today.

Over the last one year, Sobha has moved up from Rs 538.2 to Rs 2,168.9, registering a gain of Rs 1,630.8 (up 303.0%).

On the other hand, the BSE REALTY index has moved up from 4,047.8 to 8,738.0, registering a gain of 115.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 303.0%), PRESTIGE ESTATES (up 233.5%) and Brigade Enterprises (up 139.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

Sobha Financial Update...

Sobha net profit fell 85.5% YoY to Rs 70 million for the quarter ended March 2024, compared to a profit of Rs 486 million a year ago. Net sales declined 36.9% to Rs 7,629 million during the period as against Rs 12,099 million in January-March 2023.

For the year ended March 2023, Sobha reported 39.8% decrease in net profit to Rs 1,042 million compared to net profit of Rs 1,732 million during FY22. Revenue of the company grew 29.2% to Rs 33,101 million during FY23.

The current Price to earnings ratio of Sobha, based on rolling 12 month earnings, stands at 418.8.

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