Merrill Lynch buys 27.50 lakh shares of Indiabulls Ventures

Global wealth management giant, Merrill Lynch Markets Singapore Pte bought 27,50,000 shares in Indiabulls Ventures at Rs 149.99 on the BSE on May 12, 2017.  

The stocks of India's diversified conglomerate, Indiabulls Ventures ended down by Re 1 or 0.70 per cent at Rs 142.35 on the BSE on May 12, 2017. However, following the stocks hit a intra day high on the same day, touching its 52-week high of Rs 150.50 on the BSE.        

The company's lagging 12-month (TTM) EPS stood at Rs 1.20 per share as on March, 2017. Whereas the stock's price-to-earnings (P/E) ratio was 118.63 at the same time. Earlier, the book value of the company was estimated as Rs 5.65 per share, while, at present the price-to-book value of the company stood at Rs 25.19. The company also witnessed a dividend yield of 2.1 per cent during the same time.

Merrill Lynch Markets Singapore Pte is a 1984 established capital markets services company based in Singapore and operating as a subsidiary of GHS Singapore Holding Pte.