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Indiabulls Real Estate jumps 6% as realty rally continues

Indiabulls Real Estate jumps 6% as realty rally continues

Indiabulls Real Estate jumps 6% as realty rally continues
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By Mousumi Paul  Apr 11, 2019 11:34:57 AM IST (Published)

Nifty realty index has continuously maintained its mark in the green territory  this week. The realty index is up 0.90 percent with Indiabulls Real Estate which gained 6 percent intraday on Thursday.

Indiabulls Real Estate has gained 6 percent intraday on Thursday as the Nifty Realty index has continuously maintained its mark in the green territory this week.

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The realty index is up 0.90 percent.
At 09.33 AM, the stock surged 3.86 percent to Rs 123.65 per share, while Nifty50 index was up 0.07 percent to 11,592.55.
Shares of Prestige Estates were up 2 percent while Oberoi Realty gained over 2 percent, and Sobha advanced 1 percent on the NSE.
However, Indiabulls Real Estate, supported by a huge volume more than 15 million shares, rallied about 36 percent this week in only four trading sessions.
Sameer Gehlaut, Chairman of Indiabulls Real Estate, in a recent interview said: “I am willing to give up the real estate business to pursue financial services.
“I am willing to do what RBI
On April 9, Lakshmi Vilas Bank announced its plans to merge with Indiabulls Housing Finance through a share swap deal.
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