Sobha gets 'platinum' touch
By
Research Desk
about 10 years ago
In the morning trades, Sobha was amongst the top gainers and currently too, it is doing pretty well. The stock is up over 3% at Rs.485.40, with an intra day high at Rs.498. Its 52-week high is at Rs.581 and market cap stands at Rs.4764 crore.
The stock is in the limelight following news that FII, Platinum Investment Management acquired some 3 lakh shares of the company through the opne market. This tantamounts to 0.32% stake. Platinum already held a 4.74% stake in Sobha and this has now gone up to 5.06%.
As at 30th Sept 2014, promoters stake stood at 60.58%, FII stake was at 31.43% and DIIs held 3.45%.