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INDIABULLS REAL EST Gains 8%; BSE REALTY Index Up 0.9%
Tue, 26 Nov 12:16

INDIABULLS REAL EST Gains 8%; BSE REALTY Index Up 0.9%Image source: Sakorn BernardaSv/www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 8% and is presently trading at Rs 131.7.

Meanwhile, the BSE REALTY index is at 8,097.8 (up 0.9%).

Among the top gainers in the BSE REALTY index today are OBEROI REALTY (up 2.1%) and Sobha (up 1.5%).

Brigade Enterprises (down 2.8%) and MAHINDRA LIFESPACE (down 1.1%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 79.5 to Rs 131.7, registering a gain of Rs 52.2 (up 65.6%).

On the other hand, the BSE REALTY index has moved up from 5,493.3 to 8,097.8, registering a gain of 47.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 91.3%), PRESTIGE ESTATES (up 89.3%) and Brigade Enterprises (up 63.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,955.8 (down 0.2%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.8%) and Ultratech Cement (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,187.4 (down 0.1%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,955.8, registering a gain of 13,932.5 points (up 21.1%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit grew 233.1% YoY to Rs 243 million for the quarter ended September 2024, compared to a loss of Rs 182 million a year ago. Net sales rose 155.3% to Rs 2,460 million during the period as against Rs 964 million in July-September 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 -24.3.


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