Indiabulls Real Estate jumped 4.63% to Rs 58.80 at 15:14 IST on BSE, with the stock extending yesterday's 20.21% rally.
Meanwhile, the S&P BSE Sensex was down 338.49 points or 1.3% at 25,693.89
On BSE, so far 31.42 lakh shares were traded in the counter as against average daily volume of 17.18 lakh shares in the past one quarter.
The stock hit a high of Rs 61 and a low of Rs 52.75 so far during the day. The stock had hit a 52-week high of Rs 86.90 on 2 February 2015. The stock had hit a 52-week low of Rs 41 on 18 June 2015.
The stock had outperformed the market over the past one month till 25 August 2015, falling 2.94% compared with 7.4% fall in the Sensex. The stock also outperformed the market in past one quarter, falling 4.42% as against Sensex's 5.83% decline.
The small-cap company has equity capital of Rs 92.34 crore. Face value per share is Rs 2.
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Shares of Indiabulls Real Estate had surged 20.21% to settle at Rs 56.20 yesterday, 25 August 2015. The stock had dropped 17.4% to settle at Rs 46.75 on 24 August 2015.
Indiabulls Real Estate's consolidated net profit rose 133.4% to Rs 90.68 crore on 20.5% increase in total income to Rs 751.35 crore in Q1 June 2015 over Q1 June 2014.
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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