Indiabulls Real Estate is currently trading at Rs. 251.45, up by 3.50 points or 1.41% from its previous closing of Rs. 247.95 on the BSE.
The scrip opened at Rs. 249.95 and has touched a high and low of Rs. 256.00 and Rs. 246.35 respectively. So far 943564 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 269.50 on 07-Aug-2017 and a 52 week low of Rs. 57.05 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 256.00 and Rs. 237.10 respectively. The current market cap of the company is Rs. 11987.90 crore.
The promoters holding in the company stood at 43.78%, while Institutions and Non-Institutions held 33.14% and 23.07% respectively.
Indiabulls Real Estate through its wholly-owned subsidiary, Ashkit Properties, has acquired a prime commercial land admeasuring 13,519 square meters on National Highway 8 (Plot No 20, situated in Sector 18, Urban Estate, Gurugram). The said land is situated at a developed prime commercial location, where many leading multi-nationals are operating in nearby vicinity, and will be developed as a commercial complex with an expected leasable area of around 5 lakh square feet.
The construction of 5 lakh square feet of new office buildings is expected to finish by March, 2019. This addition of new office space will further enhance the annuity revenue to Rs 1,421 crore in FY 20-21 from the rental properties portfolio of the company.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
