{"id":126413,"date":"2024-06-13T15:25:40","date_gmt":"2024-06-13T09:55:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=126413"},"modified":"2024-06-13T15:57:26","modified_gmt":"2024-06-13T10:27:26","slug":"realty-stock-jumps-7-5-after-company-sets-record-date-for-rights-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-7-5-after-company-sets-record-date-for-rights-issue\/","title":{"rendered":"Realty stock\u00a0jumps 7.5% after company sets record date for rights issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3988504506\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share price of this Real Estate firm gained by 7.5 percent to an Intraday high of Rs 2,219 per share on Thursday after the company approved equity shares through rights issues.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1029869369\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 19,575 crores, at 2:00 pm ., the shares of Sobha Ltd moved up around 5 percent, trading at Rs 2,160\u00a0 a piece on Thursday\u2019s afternoon session. Comparing today\u2019s high of Rs 2,219 per share and to a previous close of Rs 2,063 per share, the shares surged by 7.5 percent.\u00a0<\/p><p>According to the company\u2019s stock exchange filings,&nbsp; the board of directors of the company approved the proposal of equity shares of the Company by way of rights issue to the eligible equity shareholders of the Company.<\/p><p>The company intends to raise funds of up to Rs 2,000 crores through a Rights issue. A total of 12,107,981 Rights equity shares will be issued at a price of Rs 1,651 per share. The record date for this issuance of equity shares is set for Wednesday, June 19, 2024.<\/p><div class=\"trade-content_5\" id=\"trade-494547965\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As for the financials of Sobha Ltd, On a year-on-year basis, the revenue from operations decreased by 6.4 <em>&nbsp;<\/em>percent from Rs. 3,310 crores in FY22-23 to Rs 3,097 crores in FY23-24. Also, the net profits of the firm &nbsp; decreased by 52.8 percent from Rs. 104 crores in FY22-23 to Rs 49 crores in FY23-24.<\/p><p>Comparing a few metrics, the net operating cash flow rose by 3&nbsp; percent from Rs 1,056 crores in FY23 to Rs 1,090 crores in FY24. The net debt tumbled by 23 percent from Rs 1,640 crores to Rs 1,262 crores, along with the EBITDA down by 14 percent from Rs 462 crores to Rs 398 crores, all for the same time period.<\/p><p>The stock of this company generated multi-bagger returns of 284.94 percent over the past one year and 121.85&nbsp; percent over the past 6 months.&nbsp;<\/p><p>As of March 2024, the firm\u2019s shareholding pattern stood at 52.28 percent for promoters, 18.29 percent for the public, 11.88 percent for foreign institutional investors, and 17.55 percent for domestic institutional investors.&nbsp;<\/p><p>Sobha Limited, incorporated in 1995, is a real estate developer engaged in the construction to operations of townships, housing projects, commercial premises, and other related activities.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Zahal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1848135158\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3716721918\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share price of this Real Estate firm gained by 7.5 percent to an Intraday high of Rs 2,219 per share on Thursday after the company approved equity shares through rights issues. With a market capitalization of Rs 19,575 crores, at 2:00 pm ., the shares of Sobha Ltd moved up around 5 percent, trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[2932,14370,3898,3901,948,936,2597],"class_list":["post-126413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-sobha","tag-sobha-developers-share-price","tag-sobha-limited","tag-sobha-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Realty stock\u00a0jumps 7.5% after company sets record date for rights issue - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-7-5-after-company-sets-record-date-for-rights-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realty stock\u00a0jumps 7.5% after company sets record date for rights issue\" \/>\n<meta property=\"og:description\" content=\"The share price of this Real Estate firm gained by 7.5 percent to an Intraday high of Rs 2,219 per share on Thursday after the company approved equity shares through rights issues. 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