Indiabulls Real Estate is currently trading at Rs. 263.35, up by 7.75 points or 3.03% from its previous closing of Rs. 255.60 on the BSE.
The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 263.35 and Rs. 258.00 respectively. So far 2,44,000 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. 74.60 on 01-Feb-2017.
Last one week high and low of the scrip stood at Rs. 263.35 and Rs. 219.35 respectively. The current market cap of the company is Rs. 12,474.00 crore.
The promoters holding in the company stood at 36.93%, while Institutions and Non-Institutions held 38.62% and 24.45% respectively.
Indiabulls Real Estate through its wholly-owned subsidiary - Yashita Buildcon has entered into a binding and definitive agreement to acquire a prime and newly constructed commercial building, having leasable area of approximately 2.5 lakh square feet in Gurugram.
The deal is expected to get completed in 3 to 4 months when the Occupation Certificate of the building is expected to be received. The said building is situated at a developed prime commercial location, where many leading multi-nationals are operating in nearby vicinity.
With this additional leasable area, the company expects to enhance its annuity revenue to Rs 1,450 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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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