Indiabulls Ventures sheds 53% in fifteen sessions

Indiabulls Ventures was locked in a lower circuit of 5% at Rs 104.60 on BSE, extending its losing streak for fifteenth trading session.

The stock has lost 52.48% in last fifteen trading days from its previous closing high of Rs 219.9 hit on 6 March 2020. Meanwhile, the benchmark Nifty 50 index has slumped 24% in the same period.

The stock hit a 52-week high of Rs 362 on 8 April 2019 and a 52-week low of Rs 78.1 hit on 17 October 2019.

The company's consolidated net profit fell 15.9% to Rs 101.40 crore on a 53.1% increase in total income to Rs 867.70 crore in Q3 December 2019 over Q3 December 2018.

 

Indiabulls Ventures provides securities and derivative broking services.

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