INDIABULLS REAL EST Surges by 6%; BSE REALTY Index Up 1.6%
April 10, 2019 09:44 AM

INDIABULLS REAL EST share price has zoomed 6% and is presently trading at Rs 115.

Meanwhile, the BSE REALTY Index is at 2,153 (up 1.6%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 6.5%).

Over the last one year, INDIABULLS REAL EST has moved down from Rs 188 to Rs 115, registering a loss of Rs 73 (down 38.9%).

On the other hand, the BSE REALTY has moved down from 2,292 to 2,153, loss of 139 points (down 6.1%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 30.9%), SUNTECK REALTY (up 16.6%) and PHOENIX MILL (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,943 (down 0.1%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 1.2%), ONGC (up 1.2%) and TATA MOTORS DVR (up 1.0%). Other gainers include WIPRO (up 0.8%) and TATA STEEL (up 0.7%). The most traded stocks in the BSE Sensex are YES BANK and WIPRO.

In the meantime, NSE Nifty is at 11,679 (down 0.1%). CIPLA (up 2.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,789 to 38,943, registering a gain of 5,154 points (up 15.1%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit stood at Rs 2 billion for the quarter ended December 2018, compared to a profit of Rs 854 million a year ago. Net Sales declined 39.5% to Rs 12.7 billion during the period as against Rs 21.0 billion in October-December 2017.

For the year ended March 2018, INDIABULLS REAL EST reported 460.0% increase in net profit to Rs 19.9 billion compared to net profit of Rs 3.5 billion during FY17.

Revenue of the company grew 155.4% to Rs 59 billion during FY18.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at 2.7x.