Foreign fund Goldman Sachs Investments Mauritius (India) bought shares worth Rs 30.84 crore in Indiabulls Real Estate through open market transactions.
According to the information on bulk deals available on the National Stock Exchange (NSE), Goldman Sachs Investments Mauritius bought 20.89 lakh shares at Rs 147.64 per piece aggregating to Rs 30.84 crore.
The share price of Indiabulls Real Estate surged Rs 23.4 to Rs 154.8 on Thursday after Goldman Sachs Investments Mauritius I bought 20,89,000 shares of the realty company at Rs 147.64 during the last half-an-hour of the trading session. The stock on Thursday gained momentum on positive triggers including hopes of expected announcements on the second stimulus plan and rate cuts by the central bank after inflation dipped further to the lowest since march 2008. The expected economic package is expected to be favourable for the interest-sensitive sectors.
The stock has so far outperformed the market in the last one month.
The realty stock has appreciated 71.25 per cent in the last one year as compared to the BSE Realty Index, which gained 63.94 per cent in the same period.
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