Indiabulls gains on entering into JV to develop premium commercial project in Gurgaon
Indiabulls is currently trading at Rs. 10.00, up by 0.11 points or 1.11% from its previous closing of Rs. 9.89 on the BSE.
The scrip opened at Rs. 9.90 and has touched a high and low of Rs. 10.24 and Rs. 9.90 respectively. So far 2078142 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.91 on 24-Nov-2025 and a 52 week low of Rs. 8.93 on 25-Feb-2026.
Last one week high and low of the scrip stood at Rs. 10.84 and Rs. 9.31 respectively. The current market cap of the company is Rs. 2324.38 crore.
The promoters holding in the company stood at 32.89%, while Institutions and Non-Institutions held 18.00% and 49.11% respectively.
Indiabulls has entered into a Joint Venture (JV) with a private land-owning entity for the development of a premium commercial project on around 2.38 acres in Sector 103, Gurgaon, along the Dwarka Expressway.
The proposed development is envisioned to comprise modern office spaces, retail, food and beverage facilities, and service apartments. This project represents a significant addition to the company’s real estate portfolio and is well-positioned to benefit from the strong demand dynamics along the Dwarka Expressway corridor. The Gross Development Value of the JV is estimated to be Rs 600 crore.
