Indiabulls Real Mumbai projects get environment nod

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Indiabulls Real Mumbai projects get environment nod

Indiabulls Real Estate Mumbai residential projects has got environment nod, reports CNBC-TV18.

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ALSO READ See latest News about Indiabulls Real See what other Experts & Brokerages are saying about Indiabulls Real See messages about Indiabulls Real Indiabulls Real BSE | NSE 29/05/12 Are Mutual Funds betting on Indiabulls Real?

Indiabulls Real Estate Mumbai residential projects has got environment nod, reports CNBC-TV18.

The share has touched an intraday high of Rs 63.40 and an intraday low of Rs 59.60. At 09:28 hrs the share was quoting at Rs 63.00, up Rs 4.45, or 7.60%.
 
It was trading with volumes of 721,247 shares. In the previous trading session, the share closed up 6.84% or Rs 3.75 at Rs 58.55.

The share touched its 52-week high Rs 152.75 and 52-week low Rs 40.10 on 20 Apr, 2011 and 07 Dec, 2011, respectively. Currently, it is trading -58.76% below its 52-week high and 57.11% above its 52-week low. Market capitalisation stands at Rs 2,538.34 crore.

The company's trailing 12-month (TTM) EPS was at Rs 1.14 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 55.22. The latest book value of the company is Rs 147.44 per share. At current value, the price-to-book value of the company was 0.43. The dividend yield of the company was 0.48%.

Check out what analysts say:

Sudarshan Sukhani, s2analytics.com said that, on Indiabulls Real Estate I see a target of Rs 63-65. It has been in my buy list earlier. I am amazed that all the concept stocks are now coming in my buy list. I am not a big fan of them but they are making interesting charts."

Hemant Thukral, Aditya Birla Money said that, "This sector has started seeing some buying interest maybe more of a speculative or trading in nature. But yesterday the way the open interest has added up in HDIL and Indiabulls Real, they are heading towards more higher levels."

He further added, "In Indiabulls I am looking for a level around Rs 62-63. That's why I am recommending a very simple strategy that is you buy 60 call of the current month itself for Rs 1.20-1.30 and if it reaches Rs 63 I think you have a target of Rs 3-4 on that call. I think one should look for trading opportunities in Indiabulls Real Estate with a target of Rs 63 on it."