Kirloskar Brothers Ltd, Samvardhana Motherson International Ltd, Reliance Infrastructure Ltd and LIC Housing Finance Ltd are among the other losers in the BSE’s ‘A’ group today, 05 August 2024.

Sobha Ltd Partly Paidup leads losers in ‘A’ group

PNC Menon, founder of Sobha Group, pledged to build 50 homes for Wayanad landslide survivors, addressing a letter to Kerala Chief Minister Pinarayi Vijayan. The initiative, managed by Sri Kurumba Educational and Charitable Trust, aims to aid families affected by the catastrophic landslides that caused numerous deaths and displacements in Kerala.

PNC Menon, Founder and Chairman of Sobha Group supports Wayanad landslide victims with 50 homes worth Rs 10 crore

As of July 11, Anamudi Real Estates held 9.99% stake in the construction company.

Aditya Birla Sunlife, Mirae Asset Mutual Fund Buy Stake In Sobha Worth Rs 857 Crore

Anamudi Real Estates sells 5% stake in Sobha Ltd for Rs 858 crore, industry watchers view as investment opportunity.

Godrej Industries Group sells 5% stake in Sobha for Rs 858 crore

Godrej Industries Group’s family office arm Anamudi Real Estates LLP on Friday divested a 4.4 per cent stake in realty firm Sobha Ltd for Rs 858 crore via open market transactions.

Godrej Industries Group’s family office divests 4.4% stake in Sobha

Anamudi Real Estates, part of the Godrej family office, plans to partially exit its 9.99% stake in Sobha Ltd through block deals worth around Rs 1,000 crore. Sobha Ltd recently approved a Rs 2,000 crore rights issue to fuel growth. The company aims to develop 50 million sq ft across key cities over four years.

Godrej Family Office likely to sell a 5% stake in Sobha Ltd

Shares of Sobha Ltd ended 2.07% higher at Rs 1862.50 on Thursday against the previous close of Rs 1824.75 on BSE. Market cap of the firm climbed to Rs 19,920 crore.

Sobha shares in news today amid reports of a block deal

Companies including Sanstar, Mankind Pharma, SJVN, Power Grid, DLF, Tech Mahindra, Sobha, Jupiter Wagons and more may remain under the spot before the opening bell on Thursday, July 25.

Stocks in news: Sanstar, Mankind, SJVN, Go Digit, UBL, DLF, TechM, Sobha and Jupiter Wagons

Sobha Ltd Shares News: Shares of Sobha Ltd fell 4.5% to Rs 1,779 due to block deal reports, possibly involving Anamudi Real Estate LLP. Despite the drop, the stock has risen 190% over the past year. The company reported an 86% decline in Q4 FY24 profit with net profit at Rs 7.02 crore and income at Rs 791.25 crore.

Sobha shares fall over 4% amid block deal

Sobha share price fell 4.5 per cent to Rs 1,778.75 per share on the BSE on Friday.

Sobha Shares Falls 4.5% After 5% Equity Worth Rs 865 Crore Changes Hands - News18

Block deals today: Reports said the Godrej family-owned Anamudi LLP was the likely seller of the 5 per cent stake

Sobha block deal today: Stock falls 4.5% as around 5 mn shares change hands

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sobha Limited is engaged in the construction and development of residential and commercial projects.

Sobha Ltd