Indiabulls Real Estate rose 4.94% to Rs 195.30 at 9:33 IST on BSE after the company said that its board will meet on Friday, 18 May 2018, to consider the proposal of buyback of equity shares.
The announcement was made after market hours yesterday, 15 May 2018.Meanwhile, the S&P BSE Sensex was down 222.81 points, or 0.63% to 35,321.13.
On the BSE, 3.40 lakh shares were traded in the counter so far compared with average daily volumes of 9.38 lakh shares in the past two weeks. The stock had hit a high of Rs 199 and a low of Rs 191 so far during the day. The stock hit a 52-week high of Rs 269.50 on 7 August 2017. The stock hit a 52-week low of Rs 151.40 on 24 May 2017.
On a consolidated basis, net profit of Indiabulls Real Estate rose 2639% to Rs 1648.33 crore on 364.04% rise in net sales to Rs 2028 crore in Q4 March 2018 over Q4 March 2017.
Indiabulls Real Estate is one of the largest real estate company.
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