In a separate regulatory filing, Sobha informed that Lalit Lahoty has been appointed as the executive vice president- Business Development of the company with immediate effect.
Stock Market Live Updates: Indian indices under pressure as Sensex and Nifty continue downward trend thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sobha share price: The stock surged 17.08 per cent to hit 52-week high price of Rs 1,552.30. At this price, the multibagger scrip has rallied 276.41 per cent from its one-year low of Rs 412.40, a level seen on March 29 last year.
The Indian market closed in the red on Thursday for the third consecutive day in a row. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 21,500.
For Sobha, first half of the year (April-September) was the best-ever with real estate sale value achievement of about Rs 3,188 crores and 3.08 million square feet. In July-September quarter, Sobha achieved the highest ever quarterly sale value of Rs 1,724 crore and 1.69 million square feet. This is the ninth straight quarter where the presales have been better than the previous quarter.