Indiabulls Real Estate fell 2.25% to Rs 73.80 at 13:18 IST on BSE on profit booking after the company jumped 13.70% in the preceding three trading sessions to Rs 75.50 on 19 August 2014, from a recent low of Rs 66.40 on 13 August 2014.
Meanwhile, the BSE Sensex was down 82.86 points, or 0.31%, to 26,337.81.
On BSE, so far 5.36 lakh shares were traded in the counter, compared with an average volume of 23.49 lakh shares in the past one quarter.
The stock hit a high of Rs 75.40 and a low of Rs 72.80 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 underperformed the market over the past one month till 19 August 2014, falling 8.82% compared with 3.04% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.87% as against Sensex's 8.45% rise.
The mid-cap company has an equity capital of Rs 84.97 crore. Face value per share is Rs 2.
On a consolidated basis, Indiabulls Real Estate's net profit fell 46.5% to Rs 38.85 crore on 18.8% rise in total income to Rs 623.48 crore in Q1 June 2014 over Q1 June 2013.
Indiabulls Real Estate is one of the largest real estate company in India with development projects spread across high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, state of the art special economic zones and infrastructure development.
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