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Indiabulls Real Estate’s share price jumped over 11 per cent intraday on January 19 after the company declared its Q3 results. Indiabulls Real Estate on January 18 reported a 64 per cent rise in its consolidated net profit to Rs 80.69 crore for the quarter ended December. Its net profit was Rs 49.27 crore in the year-ago period.
The company’s total income was Rs 756.81 crore during the third quarter of the fiscal year, against Rs 1,317.70 crore a year ago, the Mumbai-based realtor said in a regulatory filing.
The stock was trading at Rs 86.30, up to Rs 8.20, or 10.50 per cent at 10:02 hours. It has touched an intraday high of Rs 87.90 and an intraday low of Rs 81.10. The scrip was trading with volumes of 876,116 shares, compared to its five day average of 483,260 shares, an increase of 81.29 per cent.
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