Indiabulls charges up after Q2 net leaps 462%

DALAL STREET SPIKES

The Indiabulls Financial Services counter closed at Rs 187.70, up above 2 per cent post its results announcement.

The company's net profit went up to Rs 19.24 crore in the second quarter as against Rs 3.42 crore in the corresponding period of the previous year.

The company's net income leaped to Rs 54.53 crore from Rs 7.43 crore. The scrip had been up about 6.4 per cent, at the end of the previous trading day after a major block deal of about 20 lakh shares was executed in the counter.

The stock price had earlier slipped about 16 per cent during high volatile trade, in the past one month.