Trending stocks: Sobha shares down over 2%

NEW DELHI: Shares of Sobha Ltd. traded 2.12 per cent down in Monday's trade at 11:05AM (IST). Around 3,407 shares changed hands on the counter.

The counter opened at Rs 226.0 and touched an intraday high and low of Rs 226.0 and Rs 220.3, respectively, in the session so far. Shares of the company of Sobha Ltd. quoted a 52-week high of Rs 587.95 and a 52-week low of Rs 117.9.

Total market cap of the Sobha Ltd. stood at Rs 2118.38 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 910.1 crore for the quarter ended 31-Mar-2020, up 3.05 per cent from previous quarter's Rs 883.2 crore and up 34.89 per cent from the year-ago quarter's Rs 1397.8 crore.

The net profit for latest quarter stood at Rs 50.7 crore, down 55.25 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 13.77 per cent stake in the company, while foreign institutional investors held 23.37 per cent and the promoters 0.05 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 7.53 and a price-to-book ratio of 0.95. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Sobha Ltd. belongs to the Real Estate industry.