Sobha Developers trades low
Thursday, July 30, 2009 11:12 am54,451shares have been traded on BSE in the counter. The stock saw a standard everyday volume of 1.42lakh shares in the last single quarter. The stock got an up of Rs.218.70 and a down of Rs.208.95 till now. The stock saw a 52-week up of Rs.306.20 on 6th August last year and a 52-week down of Rs.67.45 on 14th January this year.
The stock had increased 2% as opposed to the BSE’s 2.62% increase. It had rushed 121.55% as opposed to the BSE’s profit of 33.06%. The present cost of Rs.215.40 slashes the company’s Quarter 1 June annualized EPS of Rs.6.97 by a PE manifold of 30.90.
Sobha Developers’ net sales dipped 48.9% in Quarter 1 June over Quarter 1 June last year. The company declared the outcome after market hours yesterday.
The company increased Rs.526.89crore during the period closed 2nd June via QIPs. The company will keep its target on debt decrease and price optimization.
