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INDIABULLS REAL EST Gains 9%; BSE REALTY Index Up 0.3%
Thu, 22 Aug 15:0

INDIABULLS REAL EST Gains 9%; BSE REALTY Index Up 0.3%Image source: alexsl/www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 9% and is presently trading at Rs 142.0.

Meanwhile, the BSE REALTY index is at 8,133.8 (up 0.3%).

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 4.5%) and MAHINDRA LIFESPACE (up 0.5%).

SUNTECK REALTY (down 2.2%) and Brigade Enterprises (down 0.9%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 63.8 to Rs 142.0, registering a gain of Rs 78.2 (up 122.6%).

On the other hand, the BSE REALTY index has moved up from 4,287.0 to 8,133.8, registering a gain of 89.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 212.7%), Sobha (up 200.2%) and INDIABULLS REAL EST (up 122.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,028.9 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.6%) and Titan (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,810.1 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,028.9, registering a gain of 15,812.8 points (up 24.2%).

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 -23.3.


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