Sobha Surges 10% After Profit Triples In September Quarter

Shares of the Bengaluru-based real estate developer - Sobha Limited - rose as much as 10.36 per cent to hit record high of Rs 976.70 after its profit tripled in September quarter. Sobha Limited reported net profit of Rs 48.3 crore compared with Rs 16.2 crore during the same quarter last year, marking an increase of 2.98 times or 198 per cent. Its revenue from operations jumped 57 per cent to Rs 819 crore versus Rs 522 crore in the ye...