Sobha Developers gained 2.06% to Rs 260 at 13:42 IST on BSE after the company said a Dubai based firm has decided to take 40% stake in its residential township project at Hosahalli, Bangalore
The company made this announcement during trading hours today,
The stock hit a high of Rs 271.70 and a low of Rs 259 so far during the day. The stock had a 52-week high of Rs 1060 on
The company has an equity capital of Rs 72.90 crore. Face value per share is Rs 10.
The current price of Rs 260 discounts its Q4 March 2008 annualised EPS of Rs 38.52, by a
PE multiple of 6.75.
A special purpose vehicle (SPV) has been formed to develop the residential township project, Sobha Developers said.
Sobha Developers’ net profit rose 13.2% to Rs 228.3 crore on 32.7% increase in net sales to Rs 474.10 crore Q4 March 2008 over Q4 March 2007.
The company is engaged in developing and construction properties and projects. The properties include commercial, residential and office properties.
No comments:
Post a Comment