INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 1.7%
May 24, 2019 10 am

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 123.

Meanwhile, the BSE REALTY Index is at 2,116 (up 1.7%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 5.0%).

PHOENIX MILL (down 0.1%) is among the top loser today.

Over the last one year, INDIABULLS REAL EST has moved down from Rs 189 to Rs 123, registering a loss of Rs 67 (down 35.2%).

On the other hand, the BSE REALTY has moved down from 2,222 to 2,116, loss of 106 points (down 4.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 17.9%), GODREJ PROPERTIES (up 16.6%) and OBEROI REALTY (up 8.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,224 (up 0.5%).

The top gainers among the BSE Sensex stocks today are L&T (up 2.3%), BHARTI AIRTEL (up 2.1%) and BAJAJ FINANCE (up 1.6%). Other gainers include M&M (up 1.5%) and TATA MOTORS (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,776 (up 0.4%). ZEE ENTERTAINMENT (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,224, registering a gain of 4,879 points (up 13.5%).

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 11.6x.