Indiabulls shares hit the 5% upper circuit on Thursday, closing at ₹29.61, as investors reacted to the company’s reported first-quarter financial results.
The stock’s advance was driven by a consolidated net profit of ₹194.26 crore for Q1 FY26, a significant turnaround from the losses reported in the same period last year.
Total income for the quarter more than doubled compared to the prior year, signaling a potential inflection point in the company’s operational performance.
The price action reflects a broader rebound in Indian equity markets, where benchmark indices have staged a sharp recovery in recent sessions.
Value buying has supported the rally, with the Sensex and Nifty 50 posting substantial gains earlier in the week.
Indiabulls’ move outpaced the broader market, reaching a 52-week high of ₹29.50 on Friday, July 3, before continuing its ascent on Thursday.