Indiabulls Real Estate shed 3.52% to Rs 64.50 at 14:46 IST on BSE after Macquarie Bank sold 67.98 lakh shares at Rs 65.90 per share in a bulk deal on NSE on Monday, 15 September 2014.
Meanwhile, the S&P BSE Sensex was down 267.35 points or 1% at 26,549.21.
On BSE, so far 12.72 lakh shares were traded in the counter as against average daily volume of 17.03 lakh shares in the past one quarter.
The stock hit a high of Rs 68.90 and a low of Rs 64.20 so far during the day. The stock had hit a 52-week low of Rs 45.10 on 26 February 2014. The stock had hit a 52-week high of Rs 109.45 on 4 June 2014.
The stock had underperformed the market over the past one month till 15 September 2014, sliding 4.64% compared with the Sensex's 2.73% rise. The scrip had also underperformed the market in past one quarter, declining 29.52% as against Sensex's 6.3% rise.
The small-cap company has equity capital of Rs 84.97 crore. Face value per share is Rs 2.
Macquarie Bank sold 67.98 lakh shares at Rs 65.90 per share in a bulk deal on NSE on Monday, 15 September 2014. Citigroup Global Markets Mauritius bought shares in this bulk deal.
On a consolidated basis, Indiabulls Real Estate's net profit fell 46.5% to Rs 38.85 crore on 19.9% rise in net sales to Rs 608.27 crore in Q1 June 2014 over Q1 June 2013.
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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