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INDIABULLS REAL EST Gains 3%; BSE REALTY Index Up 0.6%
Wed, 25 Sep 14:59

INDIABULLS REAL EST Gains 3%; BSE REALTY Index Up 0.6%Image source: peterschreiber.media/www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 3% and is presently trading at Rs 130.0.

Meanwhile, the BSE REALTY index is at 8,820.0 (up 0.6%).

Among the top gainers in the BSE REALTY index today are MAHINDRA LIFESPACE (up 5.4%) and Godrej Properties (up 3.9%).

PRESTIGE ESTATES (down 1.9%) and Phoenix Mill (down 1.6%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 85.5 to Rs 130.0, registering a gain of Rs 44.4 (up 51.9%).

On the other hand, the BSE REALTY index has moved up from 4,562.1 to 8,820.0, registering a gain of 93.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 199.6%), Sobha (up 197.5%) and Brigade Enterprises (up 128.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,970.2 (up 0.1%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and Axis Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,936.8 . LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,970.2, registering a gain of 18,946.5 points (up 28.7%).

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 -21.4.


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