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INDIABULLS REAL EST Plunges 7%; BSE REALTY Index Down 0.5%
Wed, 28 Aug 15:5

INDIABULLS REAL EST Plunges 7%; BSE REALTY Index Down 0.5%Image source: bluebay2014/www.istockphoto.com

INDIABULLS REAL EST share price has plunged 7% and is presently trading at Rs 138.9.

Meanwhile, the BSE REALTY index is at 8,066.5 (down 0.5%).

Among the top losers in the BSE REALTY index today are SUNTECK REALTY (down 2.9%) and OBEROI REALTY (down 1.1%).

PRESTIGE ESTATES (up 1.0%) and Sobha (up 0.4%) are among the top gainers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 74.2 to Rs 138.9, registering a gain of Rs 64.7 (up 87.2%).

On the other hand, the BSE REALTY index has moved up from 4,308.5 to 8,066.5, registering a gain of 87.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 203.6%), Sobha (up 194.1%) and Phoenix Mill (up 103.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,829.5 (up 0.1%).

The top gainers among the BSE Sensex today are Indusind Bank (up 2.5%) and Bharti Airtel (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,057.2 (up 0.2%). LTIMINDTREE and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,829.5, registering a gain of 16,832.9 points (up 25.9%).

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 -22.8.


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