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INDIABULLS REAL EST Gains 6%; BSE REALTY Index Up 0.3%
Tue, 27 Aug 14:27

INDIABULLS REAL EST Gains 6%; BSE REALTY Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 6% and is presently trading at Rs 146.2.

Meanwhile, the BSE REALTY index is at 8,111.2 (up 0.3%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 1.6%) and Phoenix Mill (up 0.7%).

PRESTIGE ESTATES (down 2.2%) and MAHINDRA LIFESPACE (down 1.6%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 62.8 to Rs 146.2, registering a gain of Rs 83.5 (up 133.0%).

On the other hand, the BSE REALTY index has moved up from 4,313.6 to 8,111.2, registering a gain of 88.0% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 203.7%), PRESTIGE ESTATES (up 202.0%) and INDIABULLS REAL EST (up 133.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,804.8 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.2%) and L&T (up 2.1%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,043.3 (up 0.1%). Shriram Transport and SBI LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,804.8, registering a gain of 16,371.5 points (up 25.0%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit grew 95.8% YoY to Rs -282 million for the quarter ended June 2024, compared to a loss of Rs 6,793 million a year ago. Net sales rose 97.7% to Rs 3,872 million during the period as against Rs 1,959 million in April-June 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 -24.0.


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