Trending stocks: Sobha share price surges 10%

NEW DELHI: Shares of Sobha traded 9.99 per cent up in Tuesday 's trade at 09:45 AM (IST).
Around 99752 shares changed hands on the counter. The stock opened at Rs 163.5 and touched an intraday high and low of Rs 176.75 and Rs 163.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 588.0 and a 52-week low of Rs 124.45 .


Real estate firm Sobha's fourth quarter sales volumes was 20% lower on year on year basis due to the outbreak of COVID-19. For the full year sales volume was up by mere 1%, mentioned a report.


Financials
Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 1519.43 Crore) operating in Real Estate sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 883.20 Crore, up 12.67 % from last quarter Sales of Rs 783.90 Crore and up 12.10 % from last year same quarter Sales of Rs 787.90 Crore Company reported net profit after tax of Rs 73.20 Crore in latest quarter.

Sobha Ltd. key Products/Revenue Segments include Property Development which contributed Rs 2138.29 Crore to Sales Value (62.90 % of Total Sales), Sale of services which contributed Rs 862.11 Crore to Sales Value (25.36 % of Total Sales), Income From Glazing which contributed Rs 157.46 Crore to Sales Value (4.63 % of Total Sales), Income From Interiors which contributed Rs 142.85 Crore to Sales Value (4.20 % of Total Sales), Concrete Blocks which contributed Rs 43.37 Crore to Sales Value (1.27 % of Total Sales), Income From Financial Services which contributed Rs 41.48 Crore to Sales Value (1.22 % of Total Sales), Land Development Rights which contributed Rs 9.86 Crore to Sales Value (0.29 % of Total Sales), Scrap which contributed Rs 4.82 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2019.


Valuation ratio
It quoted a price-to-earnings ratio of 4.86 and price to book value of 0.75 .