The block deal constituted 0.32% of the company's equity.
Meanwhile, the BSE Sensex was up 56.70 points, or 0.39%, 14,702.17.
On BSE, 6.97 lakh shares were traded in the counter. The stock had an average daily volume of 5.18 lakh shares in the past one quarter.
The stock hit a high of Rs 198.80 and a low of Rs 188 so far during the day. The stock hit a 52-week high of Rs 349.90 on 11 August 2008 and a 52-week low of Rs 77.75 on 13 October 2008.
The mid-cap stock had underperformed the market over the past one month till 1 July 2009, falling 13.68% as compared to the Sensex's 1.32% fall. It had outperformed the market in the past one quarter, surging 112.98% as compared to the Sensex's return of 47.90%.
The company's current equity is Rs 50.73 crore. Face value per share is Rs 2.
The current price of Rs 195.70 discounts the company's Q4 March 2009 annualized EPS of Rs 0.62, by a PE multiple of 315.65.
Indiabulls Financial Services' net profit tumbled 96.7% to Rs 3.95 crore on 16.6% fall in total income to Rs 386.96 crore in Q4 March 2009 over Q4 March 2008.
Indiabulls Financial Services offers finance for real estate services, and provides securities and online trading facilities.