Latest Stock Market News

At least 46 stocks on the BSE 500 have soared 100-340 per cent in 2021, whereas Sensex has delivered 20.2 per cent return during the period. About 310 stocks on the BSE 500 have outperformed the BSE’s barometer during the period.

As of 30-Jun-2021, promoters held 41.94 per cent stake in the company, while FIIs held 41.72 per cent and domestic institutional investors had 8.97 per cent.

A total of 28,549 shares changed hands on the counter till 12:35PM (IST).

The stock quoted a 52-week high of Rs 137.9 and a 52-week low of Rs 50.0.

Promoters held 60.5 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 11.25 per cent and 0.87 per cent, respectively.

While the S&P BSE Realty Index slid 3.1% in August, the 10-member gauge is up 24% this year and on track for a sixth straight quarterly gain -- the longest run in Bloomberg-compiled data going back to 2007.

“Retail NBFCs are finding a lot more favour as at least they do not have the kind of challenges on asset quality that wholesale NBFCs face.”

Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6013.23 Crore) operating in Real Estate sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 240.63.

The initial public offer (IPO) saw 9 per cent subscription by 11 am. It saw bids for 23,01,404 shares against the total issue size of 2,50,26,646 shares.