SOBHA.NSE Sobha Ltd.
194
1,638.00
64.50
(3.79%)
| Watchers | 194 |
| 52-Wk Low | 495.00 |
| 52-Wk High | 1,969.05 |
| Market Cap | 160.95B |
| Volume | 246,797.00 |
| 52-Wk High | 1,969.05 |
| 52-Wk Low | 495.00 |
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The notices were issued by Deputy Commissioner of Income Tax, Central Circle- 1(4), Bengaluru. The notices are related to Assessment Year ( AY) 2016-17 and 2022-23.
Sobha ended at new closing high after break out of downward sloping resistance trendline, and formed long bullish candlestick pattern on the daily timeframe with above average volumes.
Its net profit stood at Rs 31.8 crore in the year-ago period.
Sobha's sales climbed 56.2 percent year-on-year to Rs 1,735 crore in the December quarter
The volumes generated by high frequency trading firms (HFTs), more often than not, attracts retail investors to these stocks. The stocks gained between 7-18 percent as trading volumes jumped multi-fold compared to one-month average.
The stock of Sobha saw a 15 percent up move to Rs 1,296.6 in the bourses.
Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 1400 in its research report dated January 03, 2024.