SOBHA LIMITED Surges by 5%; BSE REALTY Index Up 3.8%
September 23, 2019 12:28 PM

SOBHA LIMITED share price has zoomed 5% and is presently trading at Rs 532.

Meanwhile, the BSE REALTY Index is at 2,127 (up 3.8%).

Among the top Gainers in the BSE REALTY Index today are SOBHA LIMITED (up 5.2%) and GODREJ PROPERTIES (up 6.0%).

Over the last one year, SOBHA LIMITED has moved up from Rs 418 to Rs 532, registering a gain of Rs 115 (up 27.1%).

On the other hand, the BSE REALTY has moved up from 1,940 to 2,127, registering a gain of 187 points (up 9.2%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 77.2%), PRESTIGE ESTATES (up 36.4%) and OBEROI REALTY (up 30.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,346 (up 3.3%).

The top gainers among the BSE Sensex stocks today are L&T (up 9.2%), ASIAN PAINTS (up 8.4%) and ITC (up 8.4%). Other gainers include BAJAJ FINANCE (up 8.3%) and INDUSIND BANK (up 7.5%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,666 (up 3.4%). L&T (up 9.4%) and BRITANNIA (up 8.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,842 to 39,346, registering a gain of 2,504 points (up 6.6%).

SOBHA LIMITED Financial Update...

SOBHA LIMITED net profit stood at Rs 906 million for the quarter ended June 2019, compared to a profit of Rs 698 million a year ago. Net Sales rose 49.3% to Rs 11.8 billion during the period as against Rs 7.9 billion in April-June 2018.

For the year ended March 2019, SOBHA LIMITED reported 36.9% increase in net profit to Rs 3.0 billion compared to net profit of Rs 2.2 billion during FY18.

Revenue of the company grew 23.5% to Rs 34 billion during FY19.

The current Price to earnings ratio of SOBHA LIMITED, based on rolling 12 month earnings, stands at 15.0x.