Stock Under Rs 20 is on Fire! Upper Circuit for 2 Days, Rs 1,000+ Crore Sales
This Emerging Stock Under Rs 20 Hits Back-to-Back Upper Circuits, Generating Rs 1,000+ Crore Revenue
Indiabulls Enterprises Limited has achieved significant sales momentum for its marquee luxury residential project, "Indiabulls Estate & Club-I" at Sector 104, Gurugram. In just 30 days since its launch on January 14, 2025, the company has sold 195 units, generating revenue exceeding Rs 1,000 crore.
Project Overview
Spread over 24 acres, the project is strategically located on the Dwarka Expressway, providing seamless connectivity to key business hubs in Gurugram and the Delhi-NCR region. The development focuses on green living and premium amenities, positioning itself as a strong player in Gurugram’s luxury housing market.
About Indiabulls Enterprises Limited
Incorporated in 2019, Indiabulls Enterprises Limited (IEL) is engaged in equipment renting services, management and maintenance services, financing, and related activities. The company specializes in leasing construction, infrastructure, manufacturing, and mineral handling equipment.
Business Segments and Revenue
IEL primarily earns revenue from equipment renting services, contributing around 80 per cent of its total income in FY24. Other revenue streams include interest on loans (11 per cent), trading goods (3 per cent), and miscellaneous income (1 per cent). Segment-wise, equipment renting services contribute 87 per cent, while financing and related activities account for 13 per cent.
Merger and Restructuring
In FY24, IEL approved a Scheme of Arrangement involving its merger with Yaari Digital Integrated Services Limited. Additionally, the real estate undertaking of India Land Hotels Mumbai Private Limited will be demerged into Indiabulls Pharmacare Limited, which will become a wholly-owned subsidiary of Yaari.
Stock Performance
The company currently has a market capitalization of Rs 341 crore, with a price-to-sales (P/S) ratio of 6.22. It holds assets worth Rs 209 crore and has an enterprise value of Rs 596 crore. The stock has hit consecutive upper circuits in the last two days and is trading at Rs 17.13, up by 4.96 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.