Small-cap stock under ₹50 Indiabulls hits upper circuit despite stock market crash

Shares of Indiabulls hit the 5% upper circuit at Rs 26.48, marking a fresh 52-week high and extending gains to a sixth straight session, even as Sensex plunged over 900 points and Nifty 50 fell over 200 points on weak IT stocks after Accenture cut its revenue outlook. The stock has rallied 167% in three months and 196% from its 52-week low of Rs 8.93, supported by founder Sameer Gehlaut's return to the ownership structure and a proposed Rs 1,000.07 crore warrant issue that could lift promoter stake to about 45%. The company swung to a FY26 net profit of Rs 346.13 crore from a Rs 272.73 crore loss, with Q4 net profit at Rs 194.26 crore and real estate sales bookings of Rs 2,752 crore.