Sukhani told CNBC-TV18, "Don't buy real estate stocks when they are rallying and real estate is not a buying opportunity now. I think there are lower levels ahead in the next few days, so you could actually be selling Indiabulls Real Estate."
At 11:20 hrs the share was quoting at Rs 152.25, down Rs 7.95, or 4.96%. On Friday it closed down 3.06% or Rs 5.05 at Rs 160.20.
Market capitalisation stands at Rs 6,112.46 crore.
The company's trailing 12-month (TTM) EPS was at Rs 0.32 per share. The stock's price-to-earnings (P/E) ratio was 475.78. The latest book value of the company is Rs 96.64 per share. At current value, the price-to-book value of the company was 1.58.
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