Indiabulls Real Estate Stock

Indiabulls Housing Finance plans to focus the management bandwidth and its consolidated capital towards the real estate asset management business, keeping in line with its asset-light strategy.

Indiabulls Real Estate's revenue from operations however fell 41 per cent to Rs 721.67 crore from Rs 1,232 crore during December quarter of last year.

Mindtree, the information technology conmpany owned by Larsen & Toubro (L&T), posted a 65.7 per cent year-on-year rise in net profit to Rs 326.5 crore for the third quarter ended December 2020

The stock markets were trading in a tight range and stock specific action was visible on the Dalal Street.

The Sensex and Nifty ended lower for the third day in a row as investors turned cautious on Monday awaiting earnings of Indian companies for the last quarter of financial year 2016-17.

Indiabulls Real Estate said that it will restructure its business by demerging the commercial & leasing and residential business into two separate companies.

Pharma, finance and oil & gas stocks weighed down on benchmark indices although buying in realty stocks limited the downside.

Indiabulls Real Estate on Wednesday reported 14 per cent decline in consolidated net profit at Rs 58.58 crore for the quarter ended December on lower sales.

The BSE Sensex and Nifty edged higher on Tuesday with auto and energy stocks taking a lead. However, gains were capped due to weakness in metal stocks.

Shares of Indiabulls group companies Indiabulls Wholesale Services, Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Real Estate fell between 5 per cent and 10 per cent on report that the Income Tax Department has raided Indiabulls offices across the country.

If Nifty is not able to break 8,280 in the next couple of trading sessions, then markets could see a phase of correction, says Kunal Bothra, senior technical analyst at LKP Securities.

The Sebi board is meeting today to consider various proposals to make REITs attractive for investors.

The Nifty may continue to slide further, having broken below its crucial support of 8,150, says Kunal Bothra, senior technical analyst with LKP Securities. A test of 8,020-8,000 in the next couple of days is likely, Mr Bothra added.

The Nifty posted strong gains after three weeks of consolidation and this rally augurs well for the June series, said Kunal Bothra, senior technical analyst with LKP Securities.

Nifty is heading towards its crucial resistance zone of 8,000, which has not been broken since last few months, says Ruchit Jain, equity technical analyst with Angel Broking.

Indiabulls Housing Finance plans to focus the management bandwidth and its consolidated capital towards the real estate asset management business, keeping in line with its asset-light strategy.

Indiabulls Real Estate's revenue from operations however fell 41 per cent to Rs 721.67 crore from Rs 1,232 crore during December quarter of last year.

Mindtree, the information technology conmpany owned by Larsen & Toubro (L&T), posted a 65.7 per cent year-on-year rise in net profit to Rs 326.5 crore for the third quarter ended December 2020

The stock markets were trading in a tight range and stock specific action was visible on the Dalal Street.

The Sensex and Nifty ended lower for the third day in a row as investors turned cautious on Monday awaiting earnings of Indian companies for the last quarter of financial year 2016-17.

Indiabulls Real Estate said that it will restructure its business by demerging the commercial & leasing and residential business into two separate companies.

Pharma, finance and oil & gas stocks weighed down on benchmark indices although buying in realty stocks limited the downside.

Indiabulls Real Estate on Wednesday reported 14 per cent decline in consolidated net profit at Rs 58.58 crore for the quarter ended December on lower sales.

The BSE Sensex and Nifty edged higher on Tuesday with auto and energy stocks taking a lead. However, gains were capped due to weakness in metal stocks.

Shares of Indiabulls group companies Indiabulls Wholesale Services, Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Real Estate fell between 5 per cent and 10 per cent on report that the Income Tax Department has raided Indiabulls offices across the country.

If Nifty is not able to break 8,280 in the next couple of trading sessions, then markets could see a phase of correction, says Kunal Bothra, senior technical analyst at LKP Securities.

The Sebi board is meeting today to consider various proposals to make REITs attractive for investors.

The Nifty may continue to slide further, having broken below its crucial support of 8,150, says Kunal Bothra, senior technical analyst with LKP Securities. A test of 8,020-8,000 in the next couple of days is likely, Mr Bothra added.

The Nifty posted strong gains after three weeks of consolidation and this rally augurs well for the June series, said Kunal Bothra, senior technical analyst with LKP Securities.

Nifty is heading towards its crucial resistance zone of 8,000, which has not been broken since last few months, says Ruchit Jain, equity technical analyst with Angel Broking.