/ Indiabulls Real Estate Stock Declines By Over 7% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 28 April 2017

Indiabulls Real Estate recently posted its financial results for the quarter ended on March 31, 2017, wherein it reported a rise in its bottom line as against the previous year. The stock is one of the most active stocks on NSE, with the trading volume of 1,21,58,337; and traded value of Rs 179.25 cr as of 11:15 hours.

Surprisingly, the stock has moved in the red zone after touching a fresh 52-week high of Rs 164 per share on April 26, 2017. It has touched its intraday low of Rs 144.15 per share, down by over 7%.

The stock is witnessing short built up position since the open interest is increasing and the share price is declining in the Friday’s trading session.

The company recently considered the possibility of streamlining its existing ‘residential', ‘commercial' and ‘leasing' businesses, by segregating the  ‘commercial & leasing' business. The stock is trading on a flat to negative note after the restructuring plans.

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