Indiabulls Real Estate is currently trading at Rs 92.35, up by 0.15 points or 0.16% from its previous closing of Rs 92.20 on the BSE.
The scrip opened at Rs 93.00 and has touched a high and low of Rs 95.00 and Rs 91.25 respectively. So far 1291171 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 109.45 on 04-Jun-2014 and a 52 week low of Rs 45.10 on 26-Feb-2014.
Last one week high and low of the scrip stood at Rs 100.50 and Rs 90.50 respectively. The current market cap of the company is Rs 3938.57 crore.
The promoters holding in the company stood at 49.32% while Institutions and Non-Institutions held 25.24% and 25.29% respectively.
Indiabulls Real Estate has acquired a commercial property in London for around Rs 1,550 crore. The company has bought an 87,444 sq ft property, 22 Hanover Square, in an auction from the Scottish Widows Investment Partnership, which is now part of Aberdeen Asset Management. Mayfair is an up-market London neighbourhood, home to the significantly wealthy.
Indiabulls is looking to finance the transaction through internal accruals. It is planning to convert the building, which is currently rented out to international property consultants, JLL into a luxury residential property.
Indiabulls Real Estate is country’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments. The company’s projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs.
| Company Name | CMP |
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| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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