In a surprising display of resilience, Indiabulls shares climbed 5% to reach an upper circuit limit, touching a 52-week high of ₹26.48. This growth comes even as major indices faced significant selling pressure throughout the trading session.
Investors are responding positively to the company's recent strategic shifts. Since hitting a bottom in February, the stock has rallied an impressive 196%, reflecting renewed confidence in the firm’s trajectory.
The turnaround is largely attributed to the active return of founder Sameer Gehlaut. His involvement in the company’s restructuring efforts has been instrumental in stabilizing operations and steering the business back toward profitability.
With a successful transition from recent losses to a net profit position, market sentiment remains bullish. Analysts are closely watching whether this momentum can be sustained amid the ongoing volatility in the wider equity markets.
