INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 1.4%
August 9, 2019 09:48 AM

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 79.

Meanwhile, the BSE REALTY Index is at 2,059 (up 1.4%).

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

SOBHA LIMITED (down 0.1%) and PHOENIX MILL (down 0.7%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved down from Rs 141 to Rs 79, registering a loss of Rs 62 (down 44.1%).

On the other hand, the BSE REALTY has moved down from 2,059 to 2,059, loss of 0 points during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were GODREJ PROPERTIES (up 28.2%), OBEROI REALTY (up 16.8%) and PRESTIGE ESTATES (up 15.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,612 (up 0.5%).

The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.4%), HDFC BANK (up 1.4%) and HDFC (up 1.3%). Other gainers include NTPC (up 1.2%) and VEDANTA LTD (up 1.0%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,122 (up 0.7%). INDIABULLS HOU. FIN. (up 8.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,888 to 37,612, registering a gain of -276 points (up -0.9%).

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 7.5x.