INDIABULLS REAL EST Surges by 6%; BSE REALTY Index Up 0.5%
June 13, 2019 01:32 PM

INDIABULLS REAL EST share price has zoomed 6% and is presently trading at Rs 122.

Meanwhile, the BSE REALTY Index is at 2,138 (up 0.5%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 6.2%).

DLF (down 0.1%) and OMAXE LTD (down 0.1%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved down from Rs 174 to Rs 122, registering a loss of Rs 52 (down 30.5%).

On the other hand, the BSE REALTY has moved down from 2,207 to 2,138, loss of 69 points (down 3.2%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 22.0%), GODREJ PROPERTIES (up 18.9%) and SOBHA LIMITED (up 13.2%).

What About the Benchmark Indices?

The BSE Sensex is at 39,724 (down 0.4%).

The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.0%), BHARTI AIRTEL (up 0.8%) and L&T (up 0.7%). Other gainers include NTPC (up 0.4%) and KOTAK MAHINDRA BANK (up 0.4%). The most traded stocks in the BSE Sensex are AXIS BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,897 (down 0.4%). INDIABULLS HOU. FIN. (up 7.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,693 to 39,724, registering a gain of 4,031 points (up 10.9%).

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 11.5x.