Infra stock hits 5% upper circuit after achieving ₹1,000 Cr sales in just 30 days

Shares of an infrastructure company hit the 5 percent upper circuit limit after it sold Rs.1,000 crore worth of units from its Gurugram project within just 30 days of its launch. The strong sales performance has generated investor optimism, driving significant market interest in the stock.

Price Variation

During Thursday’s trading session, shares of Indiabulls Enterprises Ltd climbed to an intra-day high of Rs.17.13 per share, hitting 5 percent upper circuit from its previous close of Rs.16.32 apiece. Over the past six months, the stock delivered over 48 percent returns.

Recent Developments

Indiabulls Enterprises Ltd. is set to attract market attention after announcing that it has sold 195 units in its Indiabulls Estate & Club project, surpassing Rs.1,000 crore in sales within just 30 days of its launch on January 14, 2025. Located along the Dwarka Expressway in Gurugram, the 24-acre development offers seamless connectivity to major business hubs in Gurugram and Delhi-NCR. 

The company highlighted that the project’s prime location, coupled with its focus on green living and high-end amenities, positions it as a significant player in the city’s growing luxury housing market.

Also read: Tata Group stock jumps 5% after inclusion in the Futures & Options segment

Business Segments

Indiabulls Enterprises Ltd offers a wide range of services primarily focused on the construction and infrastructure sectors. As India’s largest construction equipment rental company, it provides access to a fleet of over 650 well-maintained machines, along with management and maintenance services that include operational support and skilled personnel. 

The company also engages in financing activities related to its leasing services. Additionally, it has expanded its portfolio to include LED lighting solutions and ventures into the pharmaceutical sector, positioning itself as a comprehensive solution provider for various client needs in the industry.

Financial Overview 

In its latest financial update, the company reported net sales of Rs.13.32 crore for Q3 FY25, reflecting a 11.39 percent decline from Rs.15.03 crore in Q3 FY24. Additionally, net losses widened to Rs.2.13 crore in Q3 FY25, compared to Rs.1.84 crore in the same quarter last year.

Company Overview

Indiabulls Enterprises Ltd, established in 2019, operates mainly in the infrastructure and construction equipment leasing sector. The company offers various services such as equipment rental, management and maintenance, and financing. It serves as a comprehensive provider for the construction and infrastructure industry, catering to engineering, procurement, and construction companies.

Written by – Siddesh S Raskar

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Infra stock hits 5% upper circuit after achieving ₹1,000 Cr sales in just 30 days appeared first on Trade Brains.