Sobha leaps 14% as Q2 sales volume jumps 37% QoQ; stk up 77% so far in FY21

Price realization of Rs 7,737/square feet achieved during Q2FY21 is the highest price realization achieved by the company as compared to past 5 quarters

Shares of Sobha Ltd leaped 14.2 per cent to Rs 273 apiece on the BSE on Tuesday after the real estate major reported improved sequential sales in September quarter. Sales volume, total sales value and Sobha share of sales value during Q2FY21 were up by 37 per cent, 41 per cent, 35 per cent, respectively as compared to Q1FY21, the company said.

"During Q2FY21, we have achieved a total sales volume of 891,700 square feet valued at Rs 6.90 billion, with a total average realization of Rs 7,737 per square feet. This performance was achieved despite lockdown being imposed in