Buy Indiabulls Real Estate; target of Rs 244: Motilal Oswal

20237 Investors following Indiabulls Real. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Indiabulls Real Estate; target of Rs 244: Motilal Oswal

Motilal Oswal is bullish on Indiabulls Real Estate and has recommended buy rating on the stock with a target of Rs 244, in its August 13, 2010 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by Motilal Oswal See what other Experts & Brokerages are saying about Indiabulls Real See messages about Indiabulls Real

Motilal Oswal is bullish on Indiabulls Real Estate and has recommended buy rating on the stock with a target of Rs 244, in its August 13, 2010 research report.

"IndiaBulls Real Estate (IBREL) reported revenue of Rs 1.7 billion for 1QFY11, up 8.5x as compared with Rs 179 million in 1QFY10. EBITDA was Rs 217 million versus a loss of Rs 300 million in 1QFY10. EBITDA margin expanded to 12.6%. Net profit increased to Rs 252 million versus a loss of Rs 193 million in 1QFY10IBREL is available at 30% discount to its FY12E NAV of Rs 269 per share and trades at 11.6x FY12E EPS of Rs 16.7 and 0.8x FY12E BV of Rs 251. We are revising our recommendation from Neutral to Buy, with a price target of Rs 244 (~10% discount to FY12E NAV of Rs 269 per share)," says Motilal Oswal research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment