[ad_1] The Nifty Realty Index has fallen close to 4% in Tuesday’s trading session. The index has now declined 26% from the peak of 1,157.35, which it had made on June 18 last year. A correction of over 26% from the peak means that the index has slipped into a bear market. Company Value Change […]
SOBHA Q3 Update: Sales value drops 29% to ₹1,389 crore – CNBC TV18
[ad_1] Realty firm Sobha Ltd on Tuesday (January 7) reported a total sales value of ₹1,388.6 crore in Q3 FY25, reflecting a 28.9% decline year-on-year but a 17.8% increase sequentially, supported by a new sales area of 1.01 million square feet. Company Value Change %Change The average price realisation improved by 16.5% year-on-year and 7.8% quarter-on-quarter to ₹13,663 […]
Sobha shares surge 8% as Investec sees another 42% upside – CNBC TV18
[ad_1] Brokerage firm Investec has initiated coverage on Sobha with a ‘Buy’ rating. Investec has a price target of ₹2,150 on the stock, which implies a potential upside of nearly 42% from Thursday’s closing levels. Investec views Sobha as a late recovery play in the real estate cycle. The company has benefited from strong demand […]
SOBHA Q2 Results | Realty firm sees 73% surge in net profit, 26% revenue rise – CNBC TV18
[ad_1] Bengaluru-based realty firm SOBHA Ltd on Thursday (November 14) reported a 73.3% year-on-year (YoY) jump in net profit at ₹26 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, SOBHA posted a net profit of ₹15 crore. The company’s revenue from operations surged 26% to […]
Sobha Q1 Results | Net profit tanks 49% to ₹6 crore despite strong sales growth – CNBC TV18
[ad_1] Realty firm Sobha Ltd on Thursday (August 8) reported a 49.2% year-on-year (YoY) decline in net profit at ₹6.1 crore for the first quarter that ended June 30, 2024. The company said in a regulatory filing that it posted a net profit of ₹12 crore in the corresponding quarter last year. The company’s revenue […]
Sobha Block Deal: 5% equity worth ₹865 crore changes hands, Anamudi Real Estate likely seller – CNBC TV18
[ad_1] As many as 47.4 lakh equity shares, or 5% equity, of Sobha Ltd worth ₹865 crore changed hands at ₹1,825 per share in a block deal on Friday, July 26. . The official buyers and sellers of the transaction are not yet known. On Thursday, CNBC-TV18 reported, citing sources that Anamudi Real Estate LLP, […]
Anamudi Real Estate LLP likely to divest 5% stake in Sobha via $100 million block deal – CNBC TV18
[ad_1] Anamudi Real Estate LLP, wholly owned by the Godrej family, is likely to sell 5% of its 9.9% stake in realty firm Sobha Ltd through block deals, sources privy to the developments told CNBC-TV18. The deal size is estimated to be around $100 million, with the transaction price expected to be at a 6% […]