INDIABULLS REAL EST Plunges by 12%; BSE REALTY Index Up 0.3%
August 7, 2019 12:04 PM

INDIABULLS REAL EST share price has plunged 12% and is presently trading at Rs 84.

Meanwhile, the BSE REALTY Index is at 2,047 (up 0.3%).

Among the top losers in the BSE REALTY Index today is INDIABULLS REAL EST (down 11.7%).

PRESTIGE ESTATES (up 3.6%) and MAHINDRA LIFESPACE (up 2.5%) are among the top gainers today.

Over the last one year, INDIABULLS REAL EST has moved down from Rs 146 to Rs 84, registering a loss of Rs 62 (down 42.3%)..

The BSE REALTY has moved down from 2,070 to 2,047, loss of 23 points (down 1.1%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 31.8%), OBEROI REALTY (up 16.7%) and PRESTIGE ESTATES (up 10.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,105 (up 0.1%). The top gainers among the BSE Sensex stocks today are YES BANK (up 6.7%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,976 (down 0.1%). ZEE ENTERTAINMENT (up 7.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,692 to 37,105, registering a gain of -587 points (up -1.8%).

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 7.0x.