Sobha Ltd. Shares Surge on Strong Earnings

  Published 1 year ago

Sobha Ltd. (SOBH.NS) shares jumped 4% to ₹1,442.7 after reporting a nearly six-fold increase in Q4 net profit driven by new launches and price growth. Analysts maintain a 'buy' rating with a positive outlook.

  • Q4 net profit soared to ₹408.6 million.
  • Revenue increased by 62.6%.
  • Stock is up for a third month.

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