Feb 18, 2013, 11.17 AM IST
Sell Indiabulls Real Estate, says Sudarshan Sukhani of s2analytics.com.
Sell Indiabulls Real Estate , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Indiabulls Real Estate pulled back on Friday but I would still be a seller in it because unfortunately it has broken down from a visible distribution pattern. So, any rallies that we see are relief rallies. We just need to be patient for these rallies to exhaust themselves and sell it."
At 10:58 hrs Indiabulls Real Estate was quoting at Rs 71.45, up Rs 0.55, or 0.78%. It has touched an intraday high of Rs 71.85 and an intraday low of Rs 70.50.
The share touched its 52-week high Rs 83.90 and 52-week low Rs 46.30 on 22 February, 2012 and 04 September, 2012, respectively. Currently, it is trading 14.84% below its 52-week high and 54.32% above its 52-week low. Market capitalisation stands at Rs 3,029.56 crore.
Action in Indiabulls Real Estate
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.