Sobha shares closed 2.10% lower at Rs 1270.25 on January 5 against the previous close of Rs 1297.50 on BSE. Market cap of the firm fell to Rs 12,047 crore
Sobha reported a 37% increase in sales bookings at Rs 1,951.6 crore in the third quarter of this financial year, mainly on the back of strong housing demand in Bengaluru. Its sales bookings stood at Rs 1,424.7 crore in the year-ago period.
The volumes generated by high frequency trading firms (HFTs), more often than not, attracts retail investors to these stocks. The stocks gained between 7-18 percent as trading volumes jumped multi-fold compared to one-month average.
Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% on Thursday.