Indiabulls Real Estate rises after large bulk deal
Jul 10, 2014
Source : Business Standard


DELHI: Indiabulls Real Estate rose 0.89% to Rs 86 at 14:13 IST on BSE after 2.29% equity changed hands in a bulk deal on BSE today, 9 July 2014.

A bulk deal of 97.56 lakh shares was executed on the Indiabulls Real Estate counter at Rs 85.20 per share at 09:35 IST on BSE today, 9 July 2014.

Meanwhile, the BSE Sensex was down 45.61 points, or 0.18%, to 25,536.50

The large bulk deal boosted volume on the Indiabulls Real Estate scrip. On BSE, so far 1.14 crore shares were traded in the counter, compared with an average volume of 22.26 lakh shares in the past one quarter.

The stock hit a high of Rs 87.75 and a low of Rs 80.90 so far during the day. The stock hit a 52-week high of Rs 109.45 on 4 June 2014. The stock hit a 52-week low of Rs 45.10 on 26 February 2014.

The stock had underperformed the market over the past one month till 8 July 2014, falling 19.95% compared with 0.73% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 43.88% as against Sensex's 14.49% rise.

The mid-cap company has an equity capital of Rs 84.97 crore. Face value per share is Rs 2.

Indiabulls Real Estate's consolidated net profit fell 19.8% to Rs 41.67 crore on 19.1% fall in total income to Rs 341.85 crore in Q4 March 2014 over Q4 March 2013.

Indiabulls Real Estate is one of the largest real estate company in India with development projects spread across high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, state of the art special economic zones and infrastructure development.




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