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INDIABULLS REAL EST Gains 2%; BSE REALTY Index Up 0.7%
Tue, 2 Jul 9:35

INDIABULLS REAL EST Gains 2%; BSE REALTY Index Up 0.7%Image source: Chunumunu/www.istockphoto.com

INDIABULLS REAL EST share price has zoomed 2% and is presently trading at Rs 150.0.

Meanwhile, the BSE REALTY index is at 8,662.0 (up 0.7%).

Among the top gainers in the BSE REALTY index today are Sobha (up 2.4%) and Brigade Enterprises (up 1.7%).

SUNTECK REALTY (down 0.2%) is among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 59.4 to Rs 150.0, registering a gain of Rs 90.6 (up 152.7%).

On the other hand, the BSE REALTY index has moved up from 4,140.6 to 8,662.0, registering a gain of 109.2% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 279.1%), PRESTIGE ESTATES (up 222.7%) and INDIABULLS REAL EST (up 152.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,613.8 (up 0.2%).

The top gainers among the BSE Sensex today are HCl Tech. (up 1.1%) and TCS (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,144.9 . ONGC and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,613.8, registering a gain of 15,698.3 points (up 24.6%).

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 -9.2.

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