 Motilal Oswal neutral on Indiabulls Real Estate, tgt Rs 261Published on Mon, Nov 09, 2009 at 16:34 | Source : Moneycontrol.com Updated at Mon, Nov 09, 2009 at 16:38 25448 Investors following Indiabulls Real. Share this News with them.
Motilal Oswal has maintained a neutral rating on Indiabulls Real Estate , with target of Rs 261, in its report dated November 4, 2009. The stock closed at Rs 250.90 on November 9, 2009. "We have upgraded our NAV for Indiabulls Real Estate to Rs 261/share v/s Rs 182/share earlier, primarily to account for value from the power vertical. Our NAV does not include potential upsides from (i) additional ~1.5msf development at the Mumbai projects, and (ii) potential value addition from the Mantralaya re-development project. IBREL trades at 1.2x FY11E BV of Rs 206 and 4% discount to FY11E NAV of Rs 261/share. We expect IBREL to trade at NAV. Maintain Neutral," says Motilal Oswal 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......... Attachments : IBREL-20091104-MOSL-RU-PG008.pdf
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