Indiabulls Real Estate is currently trading at Rs. 72.85, up by 2.00 points or 2.82% from its previous closing of Rs. 70.85 on the BSE.
The scrip opened at Rs. 69.25 and has touched a high and low of Rs. 74.55 and Rs. 68.20 respectively. So far 251123 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 113.00 on 29-Jan-2020 and a 52 week low of Rs. 36.85 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 78.80 and Rs. 65.10 respectively. The current market cap of the company is Rs. 3359.97 crore.
The promoters holding in the company stood at 23.38%, while Institutions and Non-Institutions held 18.11% and 58.52% respectively.
Indiabulls Real Estate and two subsidiaries of Embassy Group have entered into a definitive agreement to merge their residential and commercial projects across markets to create one of the largest property development platforms in the country. The combined entity will hold both the developers’ ongoing, completed but unsold and planned projects with 80.8 million square feet of development potential.
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.
