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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 Ltd gets Rs 46 crore income tax demand notices; company to file appeal

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.

Trade Spotlight | How to trade in LIC Housing Finance, Sobha, PB Fintech today

Its net profit stood at Rs 31.8 crore in the year-ago period.

Sobha Q3 net profit falls 53% to Rs 15 crore

Sobha's sales climbed 56.2 percent year-on-year to Rs 1,735 crore in the December quarter

Sobha slips 4% amid profit-booking after record sales in 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.

HFT Scan: Indiabulls Real Estate, Reliance Power, Vakrangee see action

The stock of Sobha saw a 15 percent up move to Rs 1,296.6 in the bourses.

Bulk Deals: Foreign investors buy Rs 64.68 cr stake in Sobha, sell Rs 6.63 cr of shares in Tracxn Tech

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.

Buy Sobha; target of Rs 1400: Motilal Oswal

Sobha Ltd. engages in the construction, development, and management of real estate. It operates through the Real Estate, and Contractual and Manufacturing segments. The Real Estate segment is comprised of the development, sale, management and operation of all or any part of townships, housing projects, also includes leasing of self owned commercial premises. The Contractual and Manufacturing segment includes the development of commercial premises and other related activities. The company was founded by Puthan Naduvakkat Chenthamaraksha Menon in 1995 and is headquartered in Bangalore, India.

52-Wk High	1,969.05
52-Wk Low	465.40

SOBHA.NSE Sobha Ltd.

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