INDIABULLS REAL EST Share Price Up by 6%; BSE REALTY Index Up 1.8%
August 18, 2020 09:34 AM

INDIABULLS REAL EST share price has zoomed 6% and is presently trading at Rs 72.

Meanwhile, the BSE REALTY Index is at 1,676 (up 1.8%).

Among the top Gainers in the BSE REALTY Index today are INDIABULLS REAL EST (up 5.6%) and MAHINDRA LIFESPACE (up 7.0%).

Over the last one year, INDIABULLS REAL EST has moved down from Rs 77 to Rs 72, registering a loss of Rs 5 (down 6.2%).

On the other hand, the BSE REALTY has moved down from 2,051 to 1,676, loss of 375 points (down 18.3%) during the last 12 months.

The top buzzing stocks among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 2.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,258 (up 0.5%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 1.6%), ONGC (up 1.5%) and NTPC (up 1.4%). Other gainers include ICICI BANK (up 1.3%) and M&M (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and ICICI BANK.

In the meantime, NSE Nifty is at 11,311 (up 0.6%). The top gainers in the NSE Nifty include GRASIM (up 4.8%), RELIANCE IND. (up 1.9%) and ONGC (up 1.7%). Other gainers include NTPC (up 1.5%) and ICICI BANK (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,402 to 38,258, registering a gain of 856 points (up 2.26%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 493 million a year ago. Net Sales declined 90.6% to Rs 1.2 billion during the period as against Rs 12.3 billion in January-March 2019.

For the year ended March 2019, INDIABULLS REAL EST reported 78.8% decrease in net profit to Rs 5.0 billion compared to net profit of Rs 23.6 billion during FY18.

Revenue of the company grew 9.8% to Rs 49 billion during FY19.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at 26.5x.