Published on 8/01/2018 2:12:26 PM | Source: Dion Global Solutions Ltd

Sobha hits 52-week high on robust Q3

Shares of real estate developer Sobha rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange amid strong volume after the company 92 per cent growth in sales bookings to Rs 751 crore during the third quarter ended December 2017 as compared to Rs 391 crore in the year ago period. Driven by strong Q3, shares of the company gained as much 13.57 per cent and touched 52-week high of Rs 687.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 5.45 per cent higher at Rs 638.55 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,348.45, up 194.60 points, or 0.57 per cent, at 12:05 hours.