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INDIABULLS REAL EST Gains 5%; BSE REALTY Index Up 1.2%
Wed, 24 Jul 11:21

INDIABULLS REAL EST Gains 5%; BSE REALTY Index Up 1.2%Image source: DNY59/www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 137.0.

Meanwhile, the BSE REALTY index is at 8,431.9 (up 1.2%).

Among the top gainers in the BSE REALTY index today are Sobha (up 6.3%) and PRESTIGE ESTATES (up 5.6%).

Phoenix Mill (down 4.9%) and Brigade Enterprises (down 1.1%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 67.0 to Rs 137.0, registering a gain of Rs 70.0 (up 104.4%).

On the other hand, the BSE REALTY index has moved up from 4,299.6 to 8,431.9, registering a gain of 96.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 248.8%), PRESTIGE ESTATES (up 239.6%) and Phoenix Mill (up 121.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,213.1 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.5%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,213.1, registering a gain of 13,828.3 points (up 20.8%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit grew 19.6% YoY to Rs -3,023 million for the quarter ended March 2024, compared to a loss of Rs 3,758 million a year ago. Net sales declined 80.6% to Rs 210 million during the period as against Rs 1,081 million in January-March 2023.

For the year ended March 2023, INDIABULLS REAL EST reported 342.6% decrease in net profit to Rs -6,076 million compared to net loss of Rs 1,373 million during FY22. Revenue of the company fell 59.4% to Rs 5,868 million during FY23.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at -8.4.


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