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INDIABULLS REAL EST Plunges 5%; BSE REALTY Index Down 0.4%
Thu, 19 Sep 14:57

INDIABULLS REAL EST Plunges 5%; BSE REALTY Index Down 0.4%Image source: phive2015/www.istockphoto.com

INDIABULLS REAL EST share price has plunged 5% and is presently trading at Rs 119.0.

Meanwhile, the BSE REALTY index is at 8,273.5 (down 0.4%).

Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 2.4%) and DLF (down 2.3%).

Phoenix Mill (up 1.3%) and PRESTIGE ESTATES (up 1.0%) are among the top gainers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 76.8 to Rs 119.0, registering a gain of Rs 42.2 (up 54.9%).

On the other hand, the BSE REALTY index has moved up from 4,633.6 to 8,273.5, registering a gain of 78.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 208.6%), Sobha (up 185.6%) and Brigade Enterprises (up 118.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,138.3 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.3%) and Nestle (up 2.0%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,407.2 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,138.3, registering a gain of 15,541.5 points (up 23.0%).

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 2024, INDIABULLS REAL EST reported 70.9% decrease in net profit to Rs -10,384 million compared to net loss of Rs 6,076 million during FY23. Revenue of the company fell 29.5% to Rs 4,138 million during FY24.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at -19.6.


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