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Indiabulls Real Estate firms up post reporting Q3 figures

25 Jan 2012 Evaluate

Indiabulls Real Estate is currently trading at Rs 65.90, up by 1.25 points or 1.93% from its previous closing of Rs 64.65 on the BSE.

The scrip opened at Rs 64.30 and has touched a high and low of Rs 66.45 and Rs 64.00 respectively. So far 273179 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 152.75 on 20-Apr-2011 and a 52 week low of Rs 40.10 on 07-Dec-2011.

Last one week high and low of the scrip stood at Rs 68.30 and Rs 55.50 respectively. The current market cap of the company is Rs 2879.58 crore.

The promoters holding in the company stood at 34.79% while Institutions and Non-Institutions held 32.13% and 32.43% respectively.

Indiabulls Real Estate posted a 65.80% contraction in its net profit of Rs 6.68 crore for the quarter ended December 31, 2011 as compared to Rs 19.53 crore for the same quarter in the previous year. Total income has increased by 3.20% from Rs 54.96 crore for Q3FY11 to Rs 56.72 crore in the quarter under review.

On the consolidated basis the group has posted a net profit fall of 45.46% to Rs 41.78 crore for the quarter ended December 31, 2011 as compared to Rs 76.61 crore in the same quarter last year. Total Income of the company declined by 9.70% to Rs 377.32 crore for the quarter compared to Rs 417.83 crore in the quarter, year ago.

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