This Penny Stock Under Rs 10 Jumps on New JV for Premium Commercial Project in Gurgaon
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Indiabulls Ltd shares rise on a new JV for a premium commercial project in Gurgaon. Explore the company’s real estate growth and current stock performance.
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On March 20, 2026, Indiabulls Ltd entered into a joint venture with a private landowner to develop a premium commercial project on 2.38 acres in Sector 103, Gurgaon, along the Dwarka Expressway. The project will include modern office spaces, retail outlets, food and beverage facilities, and service apartments. The gross development value of the project is estimated at Rs. 600 crores.
Indiabulls believes this development will strengthen its Real Estate portfolio and benefit from the strong demand along the Dwarka Expressway corridor.
In addition, Indiabulls’ existing residential projects in Gurgaon, i.e. IB Heights and IB Estate & Club in Sector 104 continues to see strong sales momentum. The company expressed satisfaction with the progress of its portfolio and plans to share further updates in its upcoming earnings report.
Incorporated in 2007, Indiabulls Ltd is in the business of Real Estate and Financial Services. The company develops residential and commercial properties across key Indian markets and also operates businesses in stockbroking, digital payments, asset reConstruction, and technology-enabled small and medium enterprise lending.
Indiabulls Ltd Share Price Performance
As of 12:23 PM IST on March 20, 2026, Indiabulls Ltd is trading at Rs 9.96, up Rs 0.04 or 0.40 per cent from its previous close of Rs 9.92. The stock touched an Intraday high of Rs 10.22, which represents a potential increase of approximately 3.03 per cent from the previous close.
The company has seen a challenging performance over the longer term. Year-to-date (YTD), the stock is down 41.49 per cennt, while over the past 12 months, it has declined by 31.69 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.