Indiabulls Real Estate rose 2.8% to Rs 59.75 at 12:20 IST on BSE after consolidated net profit jumped 123.48% to Rs 93.13 crore on 84.49% rise in total income to Rs 630.70 crore in Q4 March 2015 over Q4 March 2014.
The company announced results after market hours yesterday, 21 May 2015.
Meanwhile, the S&P BSE Sensex was up 214.96 points or 0.77% at 28,024.31.
On BSE, so far 6.25 lakh shares were traded in the counter as against average daily volume of 9.92 lakh shares in the past one quarter.
The stock hit a high of Rs 61.85 and low of Rs 59.55 so far during the day. The stock had hit a 52-week high of Rs 109.45 on 4 June 2014. The stock had hit a 52-week low of Rs 52.25 on 20 April 2015.
The stock had underperformed the market over the past one month till 21 May 2015, declining 4.83% compared with Sensex's 0.48% rise. The scrip had also underperformed the market in past one quarter, dropping 31.04% as against Sensex's 4.86% fall.
The mid-cap real estate company has equity capital of Rs 85 crore. Face value per share is Rs 2.
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