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Why Sobha Was The Worst Performer Among Peers In The Last One Year
Shares of Sobha tumbled 27 percent over the last 12 months compared with a 22-65 percent gain among peers.
11 Mar 2020, 09:30 AM IST
Sobha Ltd. has been the worst performer among peers in the last one year amid a prolonged slowdown in India’s real estate market.Shares of Sobha tumbled 40 percent over the last 12 months compared with a 28-44 percent gain among peers. The benchmark Nifty Realty Index rose 9 percent during the period.India’s real estate developers have been struggling to raise funds as lenders turned selective following defaults at IL&FS triggered a ...
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