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In stock market: Shares of Indiabulls Housing Finance have gained 26.3 percent in the last 5 trading sessions. The main reason for this surge is the steps taken by the company. Let us tell you that, at the time of market closing on BSE on Wednesday, the share price of Indiabulls was at the level of Rs 193.25 with an increase of 2.52 percent. Let’s know in detail, what is the reason for the rise in the company’s shares?
DRDO gave the company a 20 percent stake in Upper Circuit
what is the news
The company has stated in the information provided to the stock markets that it has paid Rs 1112.5 crore of bonds. After this news, the share price of the company has increased. This is the first time since June 2020 that the company’s share price has seen a jump of nearly 35 percent in a single month. However, most of the gains in Indiabulls shares have been seen in the last trading session.
From 2018 to 2022 there will be disappointment for investors
The year 2018 to 2022 has been disappointing for Indiabulls positional investors. On March 29, 2023, one share of India Bulls was priced at Rs 91.8. Since then, the company’s share price has increased by 110.57 percent. Rajesh Bhosale, associated with Angel One, says that the company’s share price may reach the level of Rs.230 to Rs.240 in the coming time.