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Indiabulls Real Estate leads gainers in BSEs A group

Image result for Indiabulls Real Estate leads gainers in BSE's 'A' groupIndiabulls Real Estate leads gainers in BSE's 'A' group

 

ACC, India Cements, South Indian Bank and Bharat Financial Inclusion are among the other gainers in the BSE’s ‘A’ group today, 24 April 2017.

Indiabulls Real Estate jumped 8.54% at Rs 155 at 13:39 IST. The stock topped the gainers in ‘A’ group. On the BSE, 51.49 lakh shares were traded on the counter so far as against the average daily volumes of 65.49 lakh shares in the past two weeks.

The stock has seen recent upsurge triggered by the company saying on 17 April 2017 its board considered various proposals for restructuring the business. The board considered the possibility of streamlining its existing ‘residential’, ‘commercial’ and ‘leasing’ businesses by segregating ‘commercial & leasing’ business carried on by itself and/or through its special purpose vehicles (SPVs) and vesting the same into Indiabulls Commercial Assets (ICAL) and restructuring/reorganizing its businesses.

ACC surged 7.62% at Rs 1,610.75. The stock was the second biggest gainer in ‘A’ group. On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 21,000 shares in the past two weeks. The company’s consolidated net profit fell 9.05% to Rs 211 crore on 7.76% rise in sales to Rs 3108 crore in Q1 March 2017 over Q1 March 2016. The result was announced after market hours on Friday, 21 April 2017.

India Cements gained 7.5% at Rs 202.15. The stock was the third biggest gainer in ‘A’ group. On the BSE, 16.39 crore shares were traded on the counter so far as against the average daily volumes of 9.11 lakh shares in the past two weeks.

South Indian Bank surged 5.03% at Rs 25.05. The stock was the fourth biggest gainer in ‘A’ group. On the BSE, 43.71 lakh shares were traded on the counter so far as against the average daily volumes of 21.18 lakh shares in the past two weeks.

Bharat Financial Inclusion rose 4.64% at Rs 782.95. The stock was the fifth biggest gainer in ‘A’ group. On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 4.22 lakh shares in the past two weeks.