Indiabulls Real Estate rose 1.35% at Rs 56.15 at 15:13 IST on BSE on bargain hunting after sliding 13.7% in the past three trading sessions to Rs 55.40 on 24 September 2013, from a recent low of Rs 64.20 on 19 September 2013.
Meanwhile, the BSE Sensex was down 40.25 points, or 0.2%, to 19,879.96
On BSE, 7.13 lakh shares were traded in the counter as against an average daily volume of 11.40 lakh shares in the past one quarter.
The stock hit a high of Rs 56.40 and a low of Rs 53.50 so far during the day. The stock had hit a 52-week low of Rs 50.15 on 10 April 2013 and a 52-week high of Rs 87.30 on 17 May 2013.
The stock had underperformed the market over the past one month till 24 September 2013, falling 7.97% compared with the Sensex's 7.56% gain. The scrip had also underperformed the market in the past one quarter, sliding 9.85% as against Sensex's 7.44% rise.
The small-cap real estate company has an equity capital of Rs 86.40 crore. Face value per share is Rs 2.
On a consolidated basis, Indiabulls Real Estate's net profit surged 144.9% to Rs 70.22 crore on 136.9% increase in net sales to Rs 507.31 crore in Q1 June 2013 over Q1 June 2012.
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