Indiabulls Real Estate declined 0.18% to Rs 497.10 at 10:55 IST on BSE after the company said Indiabulls Power Generation has received letter of intent from Chhattisgarh State Electricity Board for setting up a thermal power project in Chhattisgarh
The stock hit a high of Rs 502 and a low of Rs 491.10 so far during the day. The stock had a 52-week high of Rs 847.80 on
The company’s current equity is Rs 48.17 crore. Face value per share is Rs 2.
The current price of Rs 497.10 discounts its Q3 December 2007 annualized EPS of Rs 68.35, by a PE multiple of 7.27.
Indiabulls Power Generation (IPGL) is a subsidiary of Indiabulls Power Services (IPSL), which in turn is a subsidiary of Indiabulls Real Estate.
Indiabulls Real Estate reported a net profit of Rs 410.04 crore on net sales of Rs 6.10 crore in Q3 December 2007. Figures of the corresponding previous year period were not available.
The company is engaged in construction and development of real estate. It includes promotion, construction, development and sale of townships, residential and commercial property.
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