Gold Silver Reports (GSR) – Sobha Rises On Plan To Invest Rs 500 Crore In Gujarat – Shares of the real estate developer rose as much as 3.3 percent to Rs 568. The construction company plans to invest Rs 500 crore for a residential project in GIFT City, Gujarat, according to its stock exchange notification.
The stock trades at 21.6 times its estimated forward earnings per share compared to 16.5 times for the two-year historical average.
