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 q...
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