Mumbai: Shares of Indiabulls Real Estate rose by 4.5 percent Tuesday after the company reported over a two-fold surge in net profit for the quarter ended June 30.
The stock ended the day 4.45 percent higher at Rs 64.55 on the BSE. During the day, it surged 8 percent to Rs 66.80.
At the NSE, shares of the company ended at Rs 64.55, up 4.44 percent from its previous close.
On the volume front, 25.44 lakh shares of the company changed hands at the BSE and over 2 crore shares were traded at the NSE during the day.
Indiabulls Real Estate yesterday reported over a two-fold surge in net profit for the quarter ended June 30, at Rs 90.68 crore on improved realisation.
The company had clocked a net profit of Rs 38.85 crore in the corresponding quarter last fiscal.
Its total income during the April-June period stood at Rs 751.34 crore as against Rs 623.48 crore, registering a growth of 20.5 percent.
During the quarter, the company reported new sales of Rs 801 crore.
