4.5% Sobha Ltd share fall on 26 July due to a 5% equity block deal worth Rs 865 crore.
Sobha Ltd shares fell 4.5% on 26 July amid a block deal of 47.4 lakh shares (5% of its equity) worth Rs 865 crore. The Godrej family's Anamudi Real Estate LLP, likely the seller, has not officially disclosed buyers or sellers. Sobha's stock has been volatile, with a one-year beta of 1 and a relative strength index (RSI) of 45.2. The company reported an 86% fall in consolidated net profit in Q4 FY24 compared to the previous year.
July 26, 2024
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