Gold Silver Reports (GSR) – Sobha Shares Surge After Reporting New Sales Volume For December Quarter — Shares of the real estate developer rose as much as 10.8 percent, the most in over two months to Rs 564, after the company said that its new sales volume in the fourth quarter rose 40.4 percent at 10.15 lakh square feet, according to its stock exchange notification.
New sales value increased 30 percent, and price realisations declined 7.5 percent, the statement added.
Trading volume was 85.6 times its 20-day average. The stock declined 10 percent so far this year.
