Indiabulls Real Estate is currently trading at Rs. 190.55, up by 0.40 points or 0.21% from its previous closing of Rs. 190.15 on the BSE.
The scrip opened at Rs. 190.50 and has touched a high and low of Rs. 192.15 and Rs. 188.45 respectively. So far 164514 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. 86.80 on 10-Apr-2017.
Last one week high and low of the scrip stood at Rs. 192.85 and Rs. 172.55 respectively. The current market cap of the company is Rs. 9066.28 crore.
The promoters holding in the company stood at 36.93%, while Institutions and Non-Institutions held 28.10% and 34.97% respectively.
Indiabulls Real Estate through its wholly-owned subsidiary - Manjola Infrastructure has entered into a binding and definitive agreement to acquire a prime and newly constructed commercial building at Udyog Vihar, Phase IV, Gurugram, having leasable area of around 2.5 lakh square feet. The deal is expected to get completed in 3 to 4 months when the Occupation Certificate of this building is expected to be received. This 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 1,547 crore in FY 20-21 from the rental properties portfolio of the company (including the rental portfolio of its 50:50 JV).
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.
