Sobha Developers slips ex-dividend

Meanwhile, the S&P BSE Sensex was up 325.90 points or 1.76% at 18,878.02.

On BSE, 5,973 shares were traded in the counter as against average daily volume of 16,640 shares in the past one quarter.

The stock hit a high of Rs 369.40 and a low of Rs 340 so far during the day. The stock had hit a 52-week low of Rs 322 on 30 August 2012. The stock had hit a 52-week high of Rs 472.40 on 13 February 2013.

The stock had underperformed the market over the past one month till 26 June 2013, sliding 12.19% as compared to the Sensex's 5.85% fall. The stock had, however, outperformed the market in the past one quarter, rising 1.5% as compared to the Sensex's 0.81% fall.

The mid-cap real estate developer has equity capital of Rs 98.06 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.97% based on the closing price of Rs 355.15 on Wednesday, 26 June 2013.

Sobha Developers' consolidated net profit declined 28% to Rs 69.60 crore on 12.1% growth in net sales to Rs 585.40 crore in Q4 March 2013 over Q4 March 2012.

Sobha Developers is a real estate developer. It is primarily focused on residential and contractual projects.

Powered by Capital Market - Live News