INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 0.3%
August 8, 2019 09:58 AM

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 73.

Meanwhile, the BSE REALTY Index is at 2,013 (up 0.3%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 5.4%).

GODREJ PROPERTIES (down 0.5%) and OBEROI REALTY (down 0.7%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved down from Rs 145 to Rs 73, registering a loss of Rs 72 (down 49.5%).

On the other hand, the BSE REALTY has moved down from 2,059 to 2,013, loss of 46 points (down 2.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 28.4%), OBEROI REALTY (up 14.6%) and PRESTIGE ESTATES (up 11.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,904 (up 0.1%).

The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 4.8%), TATA MOTORS DVR (up 2.5%) and BHARTI AIRTEL (up 2.3%). Other gainers include HERO MOTOCORP (up 2.0%) and TATA MOTORS (up 1.7%). The most traded stocks in the BSE Sensex are TATA MOTORS and SBI.

In the meantime, NSE Nifty is at 10,916 (up 0.1%). HCL TECHNOLOGIES (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,666 to 36,904, registering a gain of -762 points (up -2.5%).

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 7.0x.