Indiabulls Ventures zooms 56.07% in ten sessions

Indiabulls Ventures was locked at 5% upper circuit at Rs 70.70 at 12:26 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was down 66.04 points, or 0.22% at 29,861.30. The S&P BSE Small-cap index was up 61.33 points, 0.42% at 14,812.30.

High volumes were witnessed on the counter. On the BSE, 32.86 lakh shares were traded on the counter so far as against the average daily volumes of 10.07 lakh shares in the past one quarter. The stock had hit a high of Rs 70.70 so far during the day, which is also its 52-week high. The stock hit a low of Rs 68.20 so far during the day.

The stock had hit a 52-week low of Rs 13.40 on 6 April 2016. The stock had outperformed the market over the past one month till 6 April 2017, advancing 87.08% compared with the Sensex's 3.03% rise. The scrip had also outperformed the market over the past one quarter advancing 210.37% as against the Sensex's 11.84% rise.

The small-cap company has equity capital of Rs 64.04 crore. Face Value per share is Rs 2.

Shares of Indiabulls Ventures zoomed 56.07% in ten trading sessions to its current ruling price of Rs 70.70, from a close of Rs 45.30 on 23 March 2017.

Indiabulls Ventures' consolidated net profit fell 54.1% to Rs 10.59 crore on 9.6% decline in total income to Rs 96.93 crore in Q3 December 2016 over Q3 December 2015.

Indiabulls Ventures (Formerly Indiabulls Securities) is one of India's leading capital markets companies providing securities broking and advisory services. Indiabulls Ventures also provides depository services, equity research services to its clients and offers commodities trading through a separate company. These services are provided both through on-line and off-line distribution channels.

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