New Delhi, April 30 -- Indiabulls shares were locked in the 10% upper circuit at Rs.19.70 on Thursday, April 30, following the announcement of strong financial results for the March quarter (Q4FY26). The sharp rally reflects growing investor confidence in the company's transformation into a real estate-led business model supported by diversified financial services.

This comes despite broader weakness on Dalal Street. The 30-share pack Sensex plunged over 1,200 points, or 1.6%, to an intraday low of 76,259, while the NSE counterpart Nifty 50 crashed more than 350 points, or 1.6%, to the day's low of 23,797.

Indiabulls' recent momentum has been remarkable. It is now less than 6% away from its 52-week high of Rs.20.91, touched in October 2...