/ MV SCIF Mauritius Sells 32.32 Lakh Shares Of Indiabulls Real Estate ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Saturday, 17 June 2017


MV SCIF Mauritius on Friday, June 16, 2017 sold 32,32,895 shares of Indiabulls Real Estate at Rs 200.48 on the NSE.

Indiabulls Real Estate closed at Rs 199.10 per share, up by 0.73% on BSE. The stock witnessed a spurt in the volume by more than 2.15 times. It also hit a 52-week high value of 207.60 on Friday.

The stock has delivered more than 100% returns in a period of one year. It has outperformed BSE mid-cap and BSE Realty over the same period. Its closest peers include NBCC and Oberoi Realty.

The company's trailing 12-month (TTM) EPS was at Rs 0.37 per share as on March 2017. The stock's price-to-earnings (P/E) ratio was 538.11.

Indiabulls Real Estate Limited is engaged in the development of real estate projects and allied activities. The company's operations include real estate project advisory, project marketing, maintenance of completed projects, engineering and industrial and technical consultancy.

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