The stock finally tumbled 10% to end at Rs 208. The stock touched a low of Rs 206. Around 3 million shares were traded on the counter at the BSE, as against the two-week daily average volumes of 5.34 million shares.
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Updated at 1145 Hrs:
Indiabulls Real Estate has tumbled over 5.5% on 93% slump in net profit for FY09.
The stock opened at Rs 220, it touched a high of Rs 234 and slipped to a low of Rs 208.
The stock is now trading at Rs 218, down 5.5%. Hefty volumes of 1.5 million shares have been recorded on the counter at the BSE so far.
According to a release issued by the company to the BSE, has posted a 93% decline in the net profit of Rs 29.47 crore for the year ended March 31, 2009 as compared to Rs 400.23 crore for the year ended March 31, 2008.
Total Income has decreased 42% to 439.92 crore as against Rs 764.65 crore in the previous year.
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