Indiabulls Real Estate Surges After Buying Its Own Shares; McLeod Russel Gains On Plans To Sell Tea Estates

Gold Silver Reports (GSR) – Indiabulls Real Estate Surges After Buying Its Own Shares – Shares of the Delhi-based real estate developer rose as much as 5.11 percent to Rs 180.95 after the company purchased its own shares in yesterday’s session. Indiabulls Real Estate bought 27 lakh shares or 0.6 percent equity at Rs 175.58 per share. 

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Stocks To Watch: Alembic Pharma, Century Textiles, Indiabulls Real Estate, Alembic Pharma

Gold Silver Reports (GSR) – Stocks To Watch: Alembic Pharma, Century Textiles, Indiabulls Real Estate, Alembic Pharma – Indian equity benchmarks fell for the fourth straight day as Indian companies reported weaker-than-estimated earnings for the January-March quarter. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded unchanged at 10,615 as of 7:20 a.m.                                 

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Indiabulls Real Estate Share Price Gains After Buyback Plans

Gold Silver Reports (GSR) – Indiabulls Real Estate Gains After Buyback Plans – Shares of the real estate developer rose as much as 10.5 percent, the most in 10 days to Rs 205.35. The company’s board plans to consider buyback in a meeting on Friday, according to its stock exchange filing. Trading volume was 2.8 times its 20-day average. The stock declined 11 percent so far this year.

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Rupee Extends Losses, Hits Fresh 13-Month Low

Gold Silver Reports (GSR) – Rupee Extends Losses, Hits Fresh 13-Month Low – Rupee extended decline against the U.S. dollar to hit fresh 13-month low. The local unit fell as much as 38 paise or 0.58 percent to 66.77 per U.S. dollar.             

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