Espresso shot of the day – Indiabulls Real Estate Ltd up by 8.59 percent

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Espresso shot of the day – Indiabulls Real Estate Ltd up by 8.59 percent

August 11, 2021
Espresso shot of the day – Indiabulls Real Estate Ltd up by 8.59 percent

INDIABULLS REAL ESTATE LTD 147.30 (+8.59 %) BSE – INE069I01010 | 11TH AUGUST 2021


Indiabulls Real Estate stands for excellence and luxury in residential and commercial properties. It was incorporated in 2006 with a focus on construction and development of residential, commercial and SEZ projects across major Indian metros. To grow its footprint internationally, and to give wings to its global ambitions, Indiabulls branched out to London a couple of years ago with some of the most marquee projects in the heart of upscale central London. It is the company’s mission to deliver value-creating spaces, and its endeavours epitomise this philosophy. It has delivered iconic commercial developments of over 3.3 million sq. ft. in Mumbai, namely One Indiabulls Centre and Indiabulls Finance Centre, and in the residential segment Indiabulls Sky, Mumbai and Greens Panvel, apart from delivering projects in Gurugram, Chennai, Madurai, Ahmedabad and Thane. Indiabulls Real Estate is one of the largest real estate company with a Gross Development Value of INR 32,189 crores and net worth of INR 7,090 crores as of March 31, 2018 and with 15 ongoing projects with a total saleable area of 33.91 million sq. ft. under its wing. Further, it has commercial development with a leasable area of 3.15 million sq. ft. under construction. Additionally, the company has a land bank of 1,046 acres and also possesses 2,588 acres of SEZ land at Nasik, Maharashtra. In July of 2014, Indiabulls Real Estate acquired the prime property 22 Hanover Square in Central London for INR 1,630 crores.

Recent Drivers

  • On Aug 4, 2021, Indiabulls Real Estate reported a consolidated net profit of Rs 4.86 crores for the quarter ended June. The Mumbai-based company had posted a net loss of Rs 94.46 crores in the year-ago period.
  • On Aug 4, 2021, the total income of Indiabulls Real Estate rose to Rs 532.03 crores in the first quarter of this fiscal year, from Rs 95.03 crores in the corresponding period of the previous year.
  • Real estate sales are looking up with property registrations in Mumbai at a 10-year high for July. The work-from-home phenomenon due to the COVID-19 pandemic has had a significant impact on the sector too, with a large number of people who work from home wanting larger and better quality apartments.
  • Property developers Indiabulls Real Estate and Embassy Group are looking to complete their proposed merger by the end of Dec 2021.
(Sources: The Economic Times, CNBC TV)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.56%
  • Spurt in volume by more than 2.69 times compared to previous vol. 3 months avg. qty.: 13,58,982
  • Quantity traded: 18,93,208 | Deliverable quantity: 7,21,303 (38.1%)
  • Stock price has jumped more than 220% from one-year-low level: 46.35 (Nov 4, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 174.80 | 52-week-low: 46.35

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

194.03

153.52

117.88

77.37

41.73

1.22

-

-

Fibonacci Pivot

153.52

124.43

106.46

94.88

77.37

59.85

48.28

30.31

1.22


Today’s Close

147.30

SMA

BSE

10 DAY

148.08

20 DAY

150.56

50 DAY

128.88

200 DAY

91.06


Some Key Ratios (Source: BSE)

Market Cap: 6,697.2 crores

PE: -81.10

OPM%: -

ROE%: -1.31

Promoters holding%: 11.99

Prev. Close: 135.65

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.