Indiabulls Enterprises Limited, through its wholly owned subsidiary, has signed a Memorandum of Understanding (MoU) with landowners to develop a large-scale real estate project in Ludhiana, Punjab. Spanning 24.5 acres, the project will include both group housing and commercial spaces, providing an estimated saleable area of 43.20 lakh sq. ft.
The company projects revenues of ₹3,500 crore from this development in the coming years. Currently in the planning phase, the project is expected to secure Real Estate Regulatory Authority (RERA) registration and other necessary approvals by FY 2025-26.
On January 22, 2025, Indiabulls Enterprises’ share price jumps 4.97%, trading at ₹20.89 as of 10:55 AM (IST). The stock previously reached a 52-week high of ₹24.65 on December 10, 2024, and a 52-week low of ₹9.70 on July 25, 2024.
At its current price, Indiabulls Enterprises shares are trading at a price-to-earnings (P/E) ratio of -18.49x, based on its trailing 12-month earnings per share (EPS) of ₹-1.13. The price-to-book (P/B) ratio stands at 0.84, reflecting the company’s financial positioning.
According to BSE data, the total traded volume for the stock on January 15 was 114 shares, with a turnover of ₹0.02 lakhs.
As of December 31, 2024, the shareholding structure of Indiabulls Enterprises is as follows:
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Published on: Jan 22, 2025, 11:19 AM IST
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