Sobha fell 2.12% to Rs 344.15 at 9:58 IST on BSE after consolidated net profit fell 21.05% to Rs 45 crore on 20.06% decline in net sales to Rs 460.40 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours on Friday, 7 August 2015.
Meanwhile, the BSE Sensex was up 139.93 points, or 0.50%, to 28,376.32.
On BSE, so far 6,276 shares were traded in the counter, compared with an average volume of 8,737 shares in the past one quarter.
The stock hit a high of Rs 348.05 and a low of Rs 341 so far during the day. The stock hit a 52-week high of Rs 536 on 4 December 2014. The stock hit a 52-week low of Rs 318.55 on 30 July 2015.
The stock had underperformed the market over the past one month till 7 August 2015, falling 7.75% compared with 0.23% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 11.28% as against Sensex's 6.16% rise.
The mid-cap real estate developer has an equity capital of Rs 98.06 crore. Face value per share is Rs 10.
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