$IBULLSLTD

Indiabulls are expected to remain in focus after the company's board approved a fundraising plan worth up to ₹1,000.07 crore through the preferential issuance of convertible warrants. At its meeting on June 3, 2026, the board approved the issuance of up to 51.55 crore warrants at a price of ₹19.40 per warrant. These warrants will be convertible into an equal number of fully paid-up equity shares of the company. The proposed allotment will be made to promoter group entities and select non-promoter investors on a private placement basis. The fundraising proposal remains subject to shareholder approval and other regulatory clearances, where required. In the previous trading session, the stock closed at ₹24.27, gaining ₹1.15 or 4.97%. The share also touched its 52-week high of ₹24.27 on June 3, 2026, while its 52-week low stood at ₹8.93, recorded on February 25, 2026. The stock is currently trading at its 52-week high and has surged nearly 172% from its one-year low. The company's market capitalisation stands at ₹5,641.28 crore. On the financial front, Indiabulls reported a net profit of ₹194.26 crore for the quarter ended March 2026, compared with a net loss of ₹164.17 crore in the corresponding quarter last year. Total income more than doubled to ₹418.39 crore during the quarter, up from ₹149.15 crore in the year-ago period, reflecting a strong improvement in operational performance.