INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Up 1.1%

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INDIABULLS REAL EST share price has zoomed 5% and is presently trading at Rs 96.

Meanwhile, the BSE REALTY Index is at 2,721 (up 1.1%).

Among the top Gainers in the BSE REALTY Index today is INDIABULLS REAL EST (up 5.2%).

OMAXE (down 0.1%) and PHOENIX MILL (down 0.2%) are among the top losers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 54 to Rs 96, registering a gain of Rs 43 (up 79.8%).

On the other hand, the BSE REALTY has moved up from 1,645 to 2,721, registering a gain of 1,076 points (up 64.6%) during the last 12 months.

The top buzzing stocks among the BSE REALTY Index stocks during this same period were SOBHA (up 120.9%), DLF (up 98.4%) and MAHINDRA LIFESPACE (up 88.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,296 (up 0.8%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 2.5%), M&M (up 2.2%) and TATA STEEL (up 2.1%). Other gainers include MARUTI SUZUKI (up 2.1%) and ONGC (up 2.0%). The most traded stocks in the BSE Sensex are ONGC and RELIANCE IND..

In the meantime, NSE Nifty is at 14,875 (up 0.9%). The top gainers in the NSE Nifty include HINDALCO (up 3.1%), TATA MOTORS (up 3.0%) and BAJAJ FINANCE (up 2.7%). Other gainers include TATA STEEL (up 2.3%) and MARUTI SUZUKI (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,390 to 50,296, registering a gain of 18,906 points (up 59.99%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit stood at Rs 807 million for the quarter ended December 2020, compared to a profit of Rs 493 million a year ago. Net Sales declined 41.4% to Rs 7.2 billion during the period as against Rs 12.3 billion in October-December 2019.

For the year ended March 2019, INDIABULLS REAL EST reported 78.8% decrease in net profit to Rs 5.0 billion compared to net profit of Rs 23.6 billion during FY18.

Revenue of the company grew 9.8% to Rs 49 billion during FY19.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at down 21.7x.

This article (INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Up 1.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Up 1.1%