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

Tue, 16 Mar 09:44 AM

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 105.

Meanwhile, the BSE REALTY Index is at 2,789 (up 0.4%).

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

GODREJ PROPERTIES (down 0.1%) and OBEROI REALTY (down 1.6%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 59 to Rs 105, registering a gain of Rs 46 (up 77.6%).

On the other hand, the BSE REALTY has moved up from 1,749 to 2,789, registering a gain of 1,040 points (up 59.2%) during the last 12 months.

The top buzzing stocks among the BSE REALTY Index stocks during this same period were DLF (up 95.2%), SOBHA (up 90.4%) and MAHINDRA LIFESPACE (up 80.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,699 (up 0.6%).

The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 2.4%), TITAN (up 2.2%) and ULTRATECH CEMENT (up 1.8%). Other gainers include M&M (up 1.3%) and BHARTI AIRTEL (up 1.3%). The most traded stocks in the BSE Sensex are ITC and ONGC.

In the meantime, NSE Nifty is at 15,016 (up 0.4%). The top gainers in the NSE Nifty include ASIAN PAINTS (up 2.7%), UPL (up 2.3%) and TITAN (up 2.2%). Other gainers include ULTRATECH CEMENT (up 1.8%) and ADANI PORTS & SEZ (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,778 to 50,699, registering a gain of 17,921 points (up 54.64%).

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 23.8x.

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