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Options Trade | An earnings-based non-directional options strategy in Indiabulls Housing Finance

Indiabulls Housing Finance is expected to remain sideways within our range. An Iron Condor trade to capitalise on sideways trends.

Indiabulls Real Estate: Indiabulls Real Estate Q2 profit jumps 10-fold YoY to Rs 56.5 crore largely driven by operating performance. Revenue falls 44%. The real estate firm has reported a 10-fold year-on-year increase in profit at Rs 56.5 crore for quarter ended September FY23 largely driven by operating performance, but revenue from operations fell 44.4% YoY to Rs 194 crore for the quarter. EBITDA at Rs 91 crore for the quarter increased by 306% YoY, and margin jumped 40 percentage points as cost of land, plots, constructed properties and others dropped significantly.

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