Indiabulls Real Estate declined 3.12% to Rs 215.50 at 10:40 IST on BSE after consolidated net profit fell 30.3% to Rs 93.90 crore on 1.5% rise in net sales to Rs 721.58 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 14 November 2017.Meanwhile, the S&P BSE Sensex was down 117.59 points or 0.36% at 32,824.16.
On the BSE, 2.28 crore lakh shares were traded on the counter so far as against the average daily volumes of 14.9 lakh shares in the past one quarter. The stock had hit a high of Rs 222.90 and a low of Rs 213.75 so far during the day. The stock had hit a 52-week high of Rs 269.50 on 7 August 2017. The stock had hit a 52-week low of Rs 57.05 on 22 November 2016.
The stock had outperformed the market over the past one month till 14 November 2017, rising 3.47% compared with 1.57% rise in the Sensex. The scrip had, however, underperformed the market in the past one quarter, declining 2.37% as against Sensex's 4.75% rise. The scrip had, however, outperformed the market in the past one year, surging 209.39% as against Sensex's 22.83% rise.
The large-cap company has equity capital of Rs 94.93 crore. Face value per share is Rs 2.
Indiabulls Real Estate is a real estate development company with development projects spread across office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, special economic zones and infrastructure development.
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