Sobha gets 'platinum' touch
By
Research Desk
about 9 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%.