SOBHA LIMITED surges by 5%; BSE REALTY Index Up 0.9%

SOBHA LIMITED share price has Zoomed 5% and is presently trading at Rs 502.

Meanwhile, the BSE REALTY Index is at 2,045 (Up 0.9%).

Among the top Gainers in the BSE REALTY Index today is SOBHA LIMITED (up 5.35%).

HOUSING DEV. INFRA (down 1.26%) and UNITECH (down 1.91%) are among the top losers today.

Over the last one year, SOBHA LIMITED has moved up from Rs 382 to Rs 502, registering a gain of Rs 121 (up 31.63%)

On the other hand, the BSE REALTY has moved down from 2,092 to 2,045, loss of 47 points (down 2.29%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 39.99%), GODREJ PROPERTIES (up 37.20%) and SOBHA LIMITED (up 31.63%).

What About the Benchmark Indices?

The BSE Sensex is at 35,630 (up 0.15%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 2.72%), TATA MOTORS DVR (up 2.67%) and BAJAJ AUTO (up 1.62%). Other gainers include INFOSYS LTD (up 1.13%) and RELIANCE IND. (up 1.08%). The most traded stocks in the BSE Sensex are TATA MOTORS and YES BANK.

In the meantime, NSE Nifty is at 10,769 (up 0.18%). TATA MOTORS (up 2.89%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,246 to 35,630, registering a gain of 4,384 points (up 14.03%).

SOBHA LIMITED Financial Update...

SOBHA LIMITED net profit grew 22.5% YoY to Rs 654 million for the quarter ended March 2018, compared to a profit of Rs 534 million a year ago. Net Sales rose 12.4% to Rs 7.8 billion during the period as against Rs 6.9 billion in January-March 2017.

For the year ended March 2017, SOBHA LIMITED reported 9.5% increase in net profit to Rs 1.5 billion compared to net profit of Rs 1.4 billion during FY16.

Revenue of the company grew 14.8% to Rs 22 billion during FY17.

The current Price to earnings ratio of SOBHA LIMITED, based on rolling 12 month earnings, stands at 22.3x.

This article was originally published in English at www.equitymaster.com

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