145% return in 3 months: Stock hits upper circuit even as markets remain volatile, what’s fuelling the rally? | Markets
Mumbai: Shares of Indiabulls Ltd, which is in real estate and financial services, jumped 5 per cent to hit the upper circuit today, even as benchmark indices remained volatile. Sensex and Nifty drifted lower in early deals, but later bounced back to trade higher. The stock opened in the green at Rs 24.33, up from the previous close of Rs 24.02, on the BSE. It surged further to hit an intraday high of Rs 25.22 and got locked in the upper circuit. This is just 1.11 per cent away from the 52-week high of Rs 25.5, hit on June 10,…