Thursday, October 11, 2007

Sobha strengthens on new project

Real-estate developer Sobha Developers went up by 10.10 per cent to Rs 983.55, on reports that it has bagged a real-estate project worth Rs 6,400 crore at Hyderabad.

The project will be jointly developed with Reliance Energy and Andhra Pradesh Industrial Infrastructure Corporation. Sobha will hold 23 per cent in the project. The stock has gained by 11.81 per cent in a week and 31.30 per cent in a month. The volumes on BSE were 1.39 lakh shares.

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