Indiabulls Real Estate jumps on strong Q3 earnings

Indiabulls Real Estate rose 6.28% to Rs 77.85 at 14:09 IST on BSE after consolidated net profit surged 177.68% to Rs 78.75 crore on 57.56% increase in total income to Rs 728.79 crore in Q3 December 2014 over Q3 December 2013.

The result was announced during trading hours today, 12 February 2015.

Meanwhile, the BSE Sensex was flat at 28,535.02.

On BSE, so far 24.37 lakh shares were traded in the counter, compared with an average volume of 12.77 lakh shares in the past one quarter.

The stock hit a high of Rs 78.95 and a low of Rs 73.50 so far during the day. The stock hit a 52-week high of Rs 109.45 on 4 June 2014. The stock hit a 52-week low of Rs 45.10 on 26 February 2014.

The stock had outperformed the market over the past one month till 11 February 2015, rising 6.62% compared with 3.92% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 6.69% as against Sensex's 2.24% rise.

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