Introduction:
Real estate company has signed an MoU with landowners to develop a 24.5-acre project in Ludhiana, Punjab. The group housing and commercial project, with 43.2 lakh sq. ft., is expected to generate ₹3,500 crore in revenue.
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Share price movement of Indiabulls Enterprises:
On January 22, 2025, Indiabulls Enterprises Ltd opened at ₹20.89, up 4.97% from its previous close of ₹19.90. The stock reached a high and low of ₹20.89. By 11:45 AM, it traded at ₹20.89, a 4.97% increase, with a market cap of ₹414.33 crore.
Indiabulls Signs ₹3,500 Cr Project Deal:
Indiabulls Enterprises Limited has signed a Memorandum of Understanding with landowners for a new real estate project in Ludhiana, Punjab. The project will cover 24.5 acres of land and is expected to feature both group housing and commercial spaces.
The total saleable area of the project is approximately 43.2 lakh square feet, and it is estimated to generate revenues of ₹3,500 crore in the coming years. The project is expected to receive regulatory approvals in FY 2025-26.
This development marks a significant expansion in Indiabulls Enterprises’ real estate portfolio, with the company planning to register the project with the Real Estate Regulatory Authority and comply with all necessary regulations.
Recent news on Indiabulls Enterprises:
As of January 16, 2025, in the December 2024 quarter, Indiabulls Enterprises reported a decline in net sales to ₹12.06 crore, down 10.8% YoY. However, EBITDA rose 119.12% to ₹5.96 crore, while the net loss reduced by 93.55% to ₹0.26 crore.
Stock performance of Indiabulls Enterprises for Period of 1 week, 6 months and 1 year:
Indiabulls Enterprises Ltd has shown strong performance with an 8.77% return over the past week. Over six months, the stock has surged by 111%, and in the past year, it has gained 78.5%, reflecting solid growth.
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Shareholding pattern of Indiabulls Enterprises:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 43.90% | 61.00% | 61.00% |
| FII | 17.20% | 0.20% | 5.60% |
| DII | 0.00% | 0.00% | 0% |
| Public | 38% | 38% | 32.60% |
| Others | 0.90% | 1% | 1% |
About Indiabulls Enterprises:
Indiabulls Enterprises Ltd. (NSE: IEL) provides equipment renting, management, maintenance services, and financing solutions. Specializing in construction, infrastructure, and manufacturing equipment, the company serves EPC firms with a range of machinery and turnkey solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
