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Indiabulls Real Estate hits 52-week high on restructuring plans

Indiabulls Real Estate hits 52-week high on restructuring plans

Monday, April 17, 2017, 9:47 AM

Indiabulls Real Estate hit a 52-week high of Rs 111, up 5% on BSE in early morning trade after the real estate developer said it will restructure the real estate business by demerging commercial and residential into separate companies. In the past five trading days, the stock rallied 25% as compared to 1% decline in the S&P BSE Sensex.
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