Tuesday , 24 October 2017
Breaking News

Indiabulls Real Estate out of F&O ban; shares up by 6%

Indiabulls Real Estate Limited’s shares soars by over 6% intraday during Thursday’s trading session after the report of its removal from the Future and Option (F&O) ban.

Generally, when the combined open interest in a stock’s derivative contracts crosses 95% of the market-wide position limit, the stock goes under the ban in F&O.

The normal trading in the stock resumes only after the aggregate open interest across exchanges comes down to 80% or below of the market-wide position limit.

The stock was trading at Rs 239.40, up by 6.88% on BSE at 1000 hours. It opened at Rs 227.95 per share. It touched its intraday high at Rs 244.50 and low at Rs 226.50 per share.

The stock attracted total traded volume of 1,55,90,999 shares and traded value of Rs 37,251.57 lakh on NSE at 1007 hours.

Its 52-week high and low stood at Rs 244.50 and Rs 57.05, respectively.

Stock View:

Indiabulls Real Estate Ltd is currently trading at Rs 240.2, up by Rs 16.2 or 7.23% from its previous closing of Rs 224 on the BSE.

The scrip opened at Rs 227.95 and has touched a high and low of Rs 244.5 and Rs 226.5 respectively. So far 23405476(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 10632.7 crore.

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high of Rs 225.95 on 26-Jul-2017 and a 52 week low of Rs 57.05 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 225.95 and Rs 204.75 respectively.

The promoters holding in the company stood at 43.74 % while Institutions and Non-Institutions held 33.11 % and 23.05 % respectively.

The stock is currently trading above its 50 DMA.

[“Source-indiainfoline”]