Sobha reports 48% jump in Q2 sales at Rs 1,724 crore; stock rises 4%

Sobha reports 48% jump in Q2 sales at Rs 1,724 crore; stock rises 4%

Shares of Sobha jumped 4% to the day’s high of 688 on the NSE in Thursday’s trade after the real estate company said that it recorded its highest-ever sales of Rs 1,724 crore for the quarter ended September 30, 2023. The sales surged 48% year-on-year (YoY), the company said in its filing to the exchanges. … Read more