Sobha Ltd

Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.

India's real estate developer Sobha Ltd on Tuesday reported that its third-quarter profit nearly halved, hit by higher land acquisition costs

Bengaluru-based realty firm Sobha Ltd on Friday reported a 36 per cent growth in its sales bookings to Rs 1,424.7 crore for the quarter ended December 2022 on strong revival in demand. In a regulatory filing, Sobha Ltd informed that its sales bookings stood at Rs 1,047.5 crore in the year-ago period. Sobha Ltd achieved highest-ever quarterly sales bookings in the December quarter in terms of both volume and value. The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year. Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year. During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago. In the first nine months of this fiscal, the company achieved total sale of 4.17 million square feet, an increase of 16.9 per cent over the preceding year. The average price .

Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.

Markets regulator Sebi has disposed of the adjudication proceedings against realty firm Sobha Ltd and four individuals following settlement in a case pertaining to alleged fraudulent trading and disclosure lapses. A settlement amount of Rs 2,92,50,000 has been paid by the four individuals. Among others, it was alleged that Sobha Ltd had misrepresented the receivables for the construction of residence of one D K Shivakumar (DKS) and misreported service tax/GST dues of the individual in three financial years -- 2016-17, 2017-18 and 2018-19. There was also the allegation about non-disclosure of change in accounting policy for the same during the said period, according to a settlement order passed by Sebi on Monday. Apart from Sobha Ltd, the proceedings were initiated against the company's Chairman and Executive Director Ravi Puthan Naduvakkat Chentha Maraksha Menon (noticee 2) and three others -- Jagdish Chandra Sharma (noticee 3), Ramakrishnan Prabhakaran (noticee 4) and Subhash Moha

The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.

According to a quarterly operational update, the company's sales bookings in volume terms increased by 22% to 49,09,567 sq ft during the last fiscal from 40,13,581 sq ft in the 2021-22 fiscal year

Sharma will hold the position till March 31, 2022

Realty firm Sobha Ltd on Friday reported a 51 per cent increase in its consolidated net profit at Rs 32.7 crore for the quarter ended December.

The Nifty Realty index can rally towards 525-level.

Sobha Ltd, however, is expected to surge up to 14% indicates the daily chart.

Realty firm Sobha Ltd on Monday reported a nearly three-fold jump in its consolidated net profit at Rs 48.3 crore for the quarter ended September

Most stocks in the real estate segment are set to add more gains in the coming sessions

Realty firm Sobha Ltd on Saturday reported a 73 per cent rise in its consolidated net profit at Rs 11.4 crore for the quarter ended June.

Realty firm Sobha Ltd on Monday reported record sales bookings of Rs 3,137 crore during the last fiscal year despite the COVID-19 pandemic.

Price realization of Rs 7,737/square feet achieved during Q2FY21 is the highest price realization achieved by the company as compared to past 5 quarters

Realty firm Sobha reported a 93% decline in its consolidated net profit at Rs 6.6 crore for the quarter ended June as sales and construction activities were stalled because of the Covid-19 pandemic

The company said the demand has remained consistent in all the cities where it operates in spite of uncertainties of the Covid-19 pandemic

In the past one month, Sobha has underperformed the market by falling 27 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.

Street,however, worried over debt