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Indiabulls group stocks reel under pressure on Veritas report

08 Aug 2012 Evaluate

Indiabulls group stocks were reeling under pressure after Veritas Investment Research recommended sell on all Indiabulls group stocks, on the principle that corporate governance being sacrificed for enriching the controlling shareholders. In a seriously damning report, Veritas averred that the disclosures made by Indiabulls Real Estate (IBREL) as well as Indiabulls Power (IBPOW) are unreliable and ‘the sole purpose of IBREL is to bilk institutional and retail investors for the benefit of select insiders.

Indiabulls Power is currently trading at Rs 12.37, down by 1.07 points or 7.96% from its previous closing of Rs 13.44 on the BSE. The scrip opened at Rs 13.45 and has touched a high and low of Rs 13.65 and Rs 11.85 respectively. So far 2302081 shares were traded on the counter.

Indiabulls Real Estate is currently trading at Rs 54.25, down by 1.50 points or 2.69% from its previous closing of Rs 55.75 on the BSE. The scrip opened at Rs 56.50 and has touched a high and low of Rs 56.50 and Rs 49.00 respectively. So far 7981648 shares were traded on the counter.

Indiabulls Financial Services is currently trading at Rs. 205.55, down by 6.00 points or 2.84% from its previous closing of Rs 211.55 on the BSE. The scrip opened at Rs 207.40 and has touched a high and low of Rs 212.00 and Rs 188.10 respectively. So far 3638835 shares were traded on the counter.

RattanIndia Power Share Price

9.78 0.10 (1.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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