INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Down 0.4%

Thu, 1 Apr 09:56 AM

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 86.

Meanwhile, the BSE REALTY Index is at 2,679 (down 0.4%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 5.3%).

DLF (down 0.5%) and MAHINDRA LIFESPACE (down 1.0%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 40 to Rs 86, registering a gain of Rs 46 (up 114.4%).

On the other hand, the BSE REALTY has moved up from 1,328 to 2,679, registering a gain of 1,351 points (up 100.3%) during the last 12 months.

The top buzzing stocks among the BSE REALTY Index stocks during this same period were SOBHA (up 227.4%), MAHINDRA LIFESPACE (up 187.0%) and GODREJ PROPERTIES (up 135.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,943 (up 0.5%).

The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 2.5%), BAJAJ AUTO (up 1.8%) and TITAN (up 1.8%). Other gainers include NTPC (up 1.7%) and INDUSIND BANK (up 1.6%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 14,815 (up 0.5%). The top gainers in the NSE Nifty include JSW STEEL (up 3.4%), HCL TECHNOLOGIES (up 2.7%) and HINDALCO (up 2.1%). Other gainers include HERO MOTOCORP (up 2.1%) and BAJAJ AUTO (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 28,440 to 49,943, registering a gain of 21,503 points (up 74.93%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit stood at Rs 807 million for the quarter ended December 2020, compared to a profit of Rs 493 million a year ago. Net Sales declined 41.4% to Rs 7.2 billion during the period as against Rs 12.3 billion in October-December 2019.

For the year ended March 2019, INDIABULLS REAL EST reported 78.8% decrease in net profit to Rs 5.0 billion compared to net profit of Rs 23.6 billion during FY18.

Revenue of the company grew 9.8% to Rs 49 billion during FY19.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at down 19.3x.

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