Indiabulls Real Estate rises 9%; promoters increases stake to 38.6%

Shares of Indiabulls Real Estaterose 9 percent intraday Wednesday as company promoters increased their stake in the company.

The company’s promoters have increased their stake from 36.9 percent in the quarter ended March 2018 to 38.6 percent in the quarter ended June 2018.

The share touched its 52-week high Rs 263.65 and 52-week low Rs 139.25 on 12 January, 2018 and 20 July, 2018, respectively.

Currently, it is trading 42.39 percent below its 52-week high and 9.08 percent above its 52-week low

The share price declined 34 percent in last 1 year.