Indiabulls Enterprises shares surge 21.09% this week – Know more

Indiabulls Enterprises Limited (IEL) shares have witnessed an impressive surge of 21.09% this week, trading at ₹23.31 as of the latest update. The stock’s recent rally reflects growing investor confidence and optimism surrounding its future prospects.

Stock Performance and Details:

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  • Market Capitalization: ₹467 crore
  • Opening Price: ₹23.00
  • Closing Price: ₹22.61
  • 52-Week Range: ₹9.72 – ₹24.51
  • Volume Traded: 4,99,683 shares
  • Average Trading Price: ₹23.65

The stock is trading close to its 52-week high of ₹24.51, showcasing a steady rise in its market performance.

Recent Update:

The company, through its wholly owned subsidiary, has signed a memorandum of understanding (MOU) with landowners to develop a real estate project in Ludhiana, Punjab. This ambitious project will include group housing and commercial spaces, covering a saleable area of 43.2 lakh square feet.

The project is expected to generate estimated revenues of ₹3,500 crore over the coming years. It will be subject to registration with the Real Estate Regulatory Authority and other necessary approvals in FY 2025-26.

INDIABULLS ENT LTD Share Price history

Day Open Close Change %
Fri, Jan 24 2025
₹23.00
₹23.56
+4.20%
Thu, Jan 23 2025
₹21.69
₹22.61
+4.97%
Wed, Jan 22 2025
₹21.59
₹21.54
+4.01%
Tue, Jan 21 2025
₹21.07
₹20.71
+2.47%
Mon, Jan 20 2025
₹19.50
₹20.21
+4.99%
Fri, Jan 17 2025
₹19.20
₹19.25
+0.52%
Thu, Jan 16 2025
₹19.05
₹19.15
+0.58%
Wed, Jan 15 2025
₹19.08
₹19.04
+1.76%

Company Overview:

Indiabulls Enterprises Limited specializes in equipment renting services, management and maintenance services, financing, and related activities. The company also operates in the construction and infrastructure space, offering turnkey solutions with its fleet of machinery, including heavy-duty tower cranes, passenger hoists, and more.

Disclaimer:

The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.