Indiabulls Real Estate Ltd ended at Rs 72.2, up by Rs 4.35 or 6.41% from its previous closing of Rs 67.85 on the BSE after the board will meet on November 24, to consider buyback of equity shares.
Stock Commentary:
The scrip opened at Rs 64.05 and touched a high and low of Rs 72.4 and Rs 62.1 respectively. A total of 28321929 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3437.72 crore.
The BSE group ‘A’ stock of face value Rs 2 touched a 52 week high of Rs 105.25 on 30-May-2016 and a 52 week low of Rs 42.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 81.6 and Rs 57.1 respectively.
The promoters holding in the company stood at 47.51% while Institutions and Non-Institutions held 20.74% and 31.67% respectively.
[Source:-IIFL]
