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Indiabulls Ventures falls despite reporting over 2 fold jump in Q2 consolidated net profit

11 Oct 2018 Evaluate

Indiabulls Ventures is currently trading at Rs. 356.25, down by 18.70 points or 4.99% from its previous closing of Rs. 374.95 on the BSE.

The scrip opened at Rs. 356.25 and has touched a high and low of Rs. 359.90 and Rs. 356.25 respectively. So far 181113 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 819.95 on 28-Aug-2018 and a 52 week low of Rs. 208.87 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 437.20 and Rs. 356.25 respectively. The current market cap of the company is Rs. 21552.38 crore.

The promoters holding in the company stood at 36.75%, while Institutions and Non-Institutions held 23.42% and 39.82% respectively.

The company has reported a fall of 54.59% in its net profit of Rs 8.17 crore for second quarter ended September 30, 2018 as compared to Rs 17.99 crore for the same quarter in the previous year. Total income of the company decreased by 8.87% at Rs 52.21 crore for Q2FY19 as compared Rs 57.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2 fold jump in its net profit of Rs 140.92 crore for the quarter under review as compared to Rs 55.34 crore for the same quarter in the previous year. Total income of the company also jumped by around 3 fold at Rs 481.82 crore for Q2FY19 as compared Rs 178.80 crore for the corresponding quarter previous year.

Dhani Amalagamtion Share Price

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Peers
Company Name CMP
Motilal Oswal Fin 823.20
Angel One 320.70
IIFL Capital Service 307.00
Nuvama Wealth 1386.80
Share India Sec. 144.65
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