200% Return in 6 Months: Indiabulls Share Price Hits Upper Circuit On Crucial Project Update

Shares of Indiabulls Limited surged during Tuesday's saw heightened investors' interest during Tuesday's trading session after the company announced that it finalised an agreement with a private landlord for undertaking the development of a residential project in Gurugram.

Indiabulls stock was trading 0.45% higher at Rs 26.99 per share on BSE at 3:18 pm on Tuesday, August 25. Earlier in the trading session, the stock had rallied around 4% to touch an intraday high of Rs 28.23 per share on BSE. The scrip fell to an intraday low of Rs 26.40 per share during the trading session.

Indiabulls Business Update

The company has entered into an agreement with a private landlord for undertaking Development Management of a residential project. The residential development is expected to be constructed approximately 10.84 acres on Dwarka expressway.

"Phase 1 and 3 of the project have already received RERA registration and the project is expected to be launched by mid October 2026. The project has an estimated saleable area of 21 lakh sq. ft. with Gross Sales Value (GDV) of around Rs. 3,700 crores. With this, total GDV of all projects of the Company stands increased to Rs. 27,308 crores," stated the firm in its BSE filing released on Tuesday.

Earlier in June, the company's board had approved the fundraising via a preferential issue of up to 51.55 crore warrants at an issue price of Rs 19.40 each, including a share premium of Rs 17.40.

Every warrant will be convertible into one fully paid-up equity share, giving the company flexibility to bring in capital in stages as investors exercise conversions.In its regulatory communication, the company stated: "The Board of directors... has inter alia, considered and approved the raising of funds upto an aggregate of INR 1000,07,00,000 through issue of an aggregate of upto 51,55,00,000 warrants, convertible into equivalent number of fully paid-up equity shares," outlining the broad size and structure of the proposed instrument.

Indiabulls Share Price Trend

The company scrip opened stronger on Tuesday. The stock touched its 52-week high mark of Rs 32.50 per share on July 14, 2026. The stock dipped to its 52-week low mark of Rs 8.93 per share on February 25, 2026. The stock has a return on equity (ROE) of -0.21%. Its share price value has surged 34% in three months and around 196% in six months.

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