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INDIABULLS REAL EST Gains 7%; BSE REALTY Index Up 1.2%
Thu, 20 Jun 10:10

INDIABULLS REAL EST share price has zoomed 7% and is presently trading at Rs 145.9.

Meanwhile, the BSE REALTY index is at 8,846.3 (up 1.2%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 3.6%) and PRESTIGE ESTATES (up 2.0%).

Over the last one year, INDIABULLS REAL EST has moved up from Rs 61.6 to Rs 145.9, registering a gain of Rs 84.3 (up 136.8%).

On the other hand, the BSE REALTY index has moved up from 4,109.2 to 8,846.3, registering a gain of 115.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 274.0%), PRESTIGE ESTATES (up 234.7%) and INDIABULLS REAL EST (up 136.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,250.4 (down 0.1%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.6%) and Bajaj Finance (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,494.2 (down 0.1%). HDFC LIFE INSURANCE and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,250.4, registering a gain of 14,082.1 points (up 22.3%).

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 -8.9.

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