INDIABULLS REAL EST Surges by 10%; BSE REALTY Index Up 3.8%

May 20, 2019 09:52 AM

INDIABULLS REAL EST share price has zoomed 10% and is presently trading at Rs 117.

Meanwhile, the BSE REALTY Index is at 2,032 (up 3.8%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 10.2%).

Over the last one year, INDIABULLS REAL EST has moved down from Rs 211 to Rs 117, registering a loss of Rs 94 (down 44.8%).

On the other hand, the BSE REALTY has moved down from 2,335 to 2,032, loss of 303 points (down 13.1%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 10.2%), GODREJ PROPERTIES (up 6.7%) and OBEROI REALTY (up 1.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,893 (up 2.0%).

The top gainers among the BSE Sensex stocks today are L&T (up 4.7%), M&M (up 4.4%) and MARUTI SUZUKI (up 4.3%). Other gainers include SBI (up 4.3%) and ICICI BANK (up 4.0%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,694 (up 2.1%). INDIABULLS HOU. FIN. (up 6.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,893, registering a gain of 3,744 points (up 10.1%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit down at Rs 1 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales rose 43.3% to Rs 18.2 billion during the period as against Rs 12.7 billion in January-March 2018.

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 11.1x.