Skip to main content

Indiabulls Real Estate slumps post block deal

Indiabulls Real Estate was trading lower by 5.2% at Rs 201 per share at 1025 hours on the NSE. The company’s 1.9 crore shares traded in a block deal on NSE and BSE at an average of Rs 200 per share, worth Rs 385 crore.

Indiabulls Real Estate was trading lower by 5.2% at Rs 201 per share at 1025 hours on the NSE. The company’s 1.9 crore shares traded in a block deal on NSE and BSE at an average of Rs 200 per share, worth Rs 385 crore.

The stock hit its 52-week high of Rs 217.80 per share on June 21, 2017, and hit its 52-week low of Rs 57, per share November 22, 2016.

The stock has delivered 116% returns in a period of one year and has outperformed the BSE Mid-cap and BSE Realty indices over the same time span.

Indiabulls Real Estate had reported a 19% increase in consolidated net profit at Rs 79.8 crore for the quarter ended March 2017.

Its net profit stood at Rs 67.2 crore in the year-ago period, however, the company’s total revenue declined to Rs 545.2 crore in the fourth quarter of the last fiscal from Rs 735.1 crore in the corresponding period of the previous year.

Stock view:

Indiabulls Real Estate Ltd is currently trading at Rs 201.5, down by Rs 11.05 or 5.2% from its previous closing of Rs 212.55 on the BSE.

The scrip opened at Rs 213.7 and has touched a high and low of Rs 213.9 and Rs 197.6 respectively. So far 71336302(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 10089.2 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 217.4 on 21-Jun-2017 and a 52 week low of Rs 57.05 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 217.4 and Rs 184.6 respectively.

The promoters holding in the company stood at 50.3 % while Institutions and Non-Institutions held 20.78 % and 28.83 % respectively.

The stock is currently trading above its 50 DMA.

Contact Us at:
Visit: https://www.stallionasset.com/
Mail: info@stallionasset.com

Call us: 9167090883, 022- 40033944
Follow and like us on:
  1. Facebook :Multibagger Stock Ideas
  2. Twitter: Multibagger
  3. Blog: Multibagger Value Pick
  4. Quora: Multibagger Query Desk
  5. G+ : Multibagger
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockbuster CDSL IPO the most subscribed issue of 2017

What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This makes it the most subscribed IPO issue of 2017 in the Indian capital markets. The qualified institutional buyers (QIBs) bid 148.71 times, retail individual investors bid 23.83 times and employees segment have received bids for 1.46 times for the Central Depository Services Limited (CDSL) IPO. The demand for the IPO was led by the non-institutional investors, who bid 563.03 times. CDSL’s existing shareholders including BSE Limited, State Bank of India Limited, Bank of Baroda Limited, and Calcutta Stock Exchange have sold around 3.5 crore shares in its IPO. The objectives of the issue include achieving the benefits of listing the equity shares on NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders. Here is the list of initial public offerings (IPO) that hit the capital markets in 2017 so...
Post a Comment
Read more

Correction in global markets soon; India better placed on good macros: Baring PE

Rahul Bhasin said that pharma has considerable value, though short term there could be disruption.   Sounding a caution on the global markets, Rahul Bhasin, Managing Partner at Baring Private Equity sees a real possibility of correction in these markets soon. In that context, where do Indian markets stand? Bhasin told CNBC-TV18 that the Indian market at an aggregate level is better placed as the macro economic scenario is better. He explained that in terms of per capita income, we are crossing USD 1800 and historically, nations which have reached at this point have seen significant growth points from here. Speaking on sectors, Bhasin believes that IT sector could face a challenge in sustaining its market capitalisation. Having said that, he mentioned how employment data in the US could show varying trends. For instance, the largest employer is retail and restaurants in the US. A close look at the data reveals that profitability of these sectors has declined. It includes pa...
Post a Comment
Read more

Indian Equity Markets are More Likely to Open Higher on Monday

Indian equity markets are more likely to open higher, following sure cues prevailing among Asian friends. The SGX Nifty, which used to be buying and selling at 9,787, up by means of 61 factors, is suggesting a favorable opening. Nifty50 index has instant toughen positioned around the degree of 9,680 and the subsequent major make stronger is prone to are available around the stage of 9,630. On the best way up, 9,780 is a key resistance house, and if Nifty holds above this stage, it's going to extend its rally as much as the extent of 9,830. Key outcomes for the day: Apollo Hospitals, Jain Irrigation, Coal India, Grasim, IDBI bank, JK Tyres, NBCC and Tata power. Again dwelling, Indian markets extended their shedding streak for a fifth straight session on Friday. The Nifty index plummeted 109 factors to settle at 9,711 at its five-week low and the Sensex settled at 31,214 with a loss of 318 points. After witnessing promote-off in the previous buying and selling session, a...
Post a Comment
Read more