MD's resignation stirs investors, stock falls 7%

One resignation and there was a stir in the company, there was a rush to sell shares, the share price reached Rs.56.

[{"selector":"#anim-3052d60c-855d-44e2-9311-599202d45834 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3f558d09-8783-48be-b35b-721a408c779c","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Indiabulls Real Estate shares fall 7% today as MD's resignation spooks investors. Images Pixabay

[{"selector":"#anim-23316918-ea8e-4bce-9ee9-a5a510997984 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.3134764187711%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-41736a85-444b-4501-a6cc-c5f99e2503a7","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] The Board of Directors of Indiabulls Real Estate has approved the appointment of Sachin Chittaranjan Shah as Chief Executive Officer. Images Pixabay

[{"selector":"#anim-e56eb24c-afda-4c0f-a1dd-e6a4bdbffdf9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c3398181-d57f-4ffe-bbdb-52e876785b2a","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] This appointment has been made for a period of 5 years. The company has given this information in the exchange filing. The stock has declined 17 per cent in the last one month. Images Pixabay

[{"selector":"#anim-2b47965c-fdf2-435c-bb48-d126dccc6d15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3cc95f61-b0ed-4593-82f8-04eecba665f0","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Indiabulls Real Estate Limited is a real estate company. The net valuation of the company is approximately ₹3,298 crore. Images Pixabay

[{"selector":"#anim-9fd3bdba-e05f-45dc-bca7-98bd8b42e48a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6afc20cc-81d0-4714-8051-11d1c373c931","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] The price of one share of the company is ₹ 57.55 in BSE market today and ₹ 57.60 in NSE market today. Images Pixabay

[{"selector":"#anim-6bbe9729-1dd0-48ec-bcd6-f0f1fa468a5d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.3134764187711%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-138ba000-ac6f-4a34-b9cb-405cf4039b31","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] As per the report provided by the company, last year the total revenue stood at Rs 635,016 crore and the total sales stood at Rs 362,847 crore. Images Pixabay

[{"selector":"#anim-2f617bbc-4c9d-4470-9030-c9a6007d02f9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1fdf3aca-1ea8-4890-aeaf-ebf4bb7e765a","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] The net profit of the company stood at Rs 85,356 crore. Indiabulls Real Estate Limited has paid tax of Rs 21,601 crore in the current year. Images Pixabay

[{"selector":"#anim-2e78d705-f586-4f2b-9023-ac09c87d974b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1c6e5ca8-3fee-4f5e-9e17-cb8b91ac0490","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Before investing in any stock, invest only after thorough investigation, because this money is your hard work. Images Pixabay