homemarket Newsstocks NewsSobha Ltd jumps 10% post Q2 earnings; stock hits 52 week high

Sobha Ltd jumps 10% post Q2 earnings; stock hits 52-week high

Sobha Ltd jumps 10% post Q2 earnings; stock hits 52-week high
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By Dipti Sharma  Nov 9, 2021 11:57:20 AM IST (Updated)

Shares of real estate player Sobha Ltd jumped over 10 percent on Tuesday after the company reported strong quarterly numbers. The stock has gained after two days of consecutive fall and hit a 52-week high at Rs 976.7 today.

Shares of real estate player Sobha Ltd jumped over 10 percent on Tuesday after the company reported strong quarterly numbers.

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The stock has gained after two days of consecutive fall and hit a 52-week high at Rs 976.7 today. At 11:05 am, shares of the company were up 3.3 percent at Rs 914.3.
The company reported a 57 percent jump in consolidated revenue at Rs 819.1 crore while net profit grew nearly three times at Rs 48.3 crore during the quarter ended September.
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