Sep 18, 2013, 02.34 PM | Source: CNBC-TV18
Manoj Murlidharan Vayalar of IIFL recommends buying Indiabulls Real Estate at Rs 59 with a target of Rs 61. Keep a stoploss at Rs 56, he adds.
Manoj Murlidharan (more)
Head- Derivatives, Religare Securities | Capital Expertise: F&O
At 13:49 hrs Indiabulls Real Estate was quoting at Rs 58.45, up Rs 0.75, or 1.30 percent. It has touched an intraday high of Rs 59.25 and an intraday low of Rs 57.60.
The share touched its 52-week high Rs 87.30 and 52-week low Rs 54 on 17 May, 2013 and 10 April, 2013, respectively. Currently, it is trading 33.05 percent below its 52-week high and 8.24 percent above its 52-week low. Market capitalisation stands at Rs 2,478.34 crore.
Disclosure: We have discussed this with our clients but no personal holdings.