Indiabulls Real Estate lost 2.7% to Rs 146 at 11:17 IST on BSE after the company reported 5.31% fall in consolidated profit after tax to Rs 117.50 crore on 38.47% rise in revenue from operations to Rs 810.90 crore in Q1 June 2018 over Q1 June 2017.
The announcement was made after market hours on Tuesday, 14 August 2018.Meanwhile, the S&P BSE Sensex was up 24.07 points, or 0.06% to 37,876.07
On the BSE, 1.60 lakh shares were traded in the counter so far compared with average daily volumes of 4.34 lakh shares in the past two weeks. The stock had hit a high of Rs 149.65 and a low of Rs 145 so far during the day. The stock hit a 52-week high of Rs 263.65 on 12 January 2018. The stock hit a 52-week low of Rs 139.25 on 20 July 2018.
Indiabulls Real Estate said that the company will focus on its core markets - Mumbai Metropolitan Region & National Capital Region for sustainable growth, and strengthening of its on-going businesses.
Indiabulls Real Estate is one of the largest real estate company with development portfolio, office rental portfolio and joint venture portfolio with Blackstone.
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