Gujral told CNBC-TV18, "Indiabulls Real Estate at Rs 150-155 has a strong support. Real estate is beginning a sort of an intermediate term pullback, so you could clearly see Indiabulls Real Estate going upto Rs 185, maybe even trying to touch Rs 200. Same with something like Ajmera Realty . So, all kinds of realty stocks, which have been bashed up are likely to have a good two-week kind of pullback."
Indiabulls Real has touched an intra day high of Rs 179.20 and an intra day low of Rs 173.00. At 10:37 hrs the share was quoting at Rs 176.85, up Rs 2.40, or 1.38% with volumes of 183,007 shares.
Its Market Cap stands at Rs 7,100.09 crore. Currently the share is 112.82% above the 52-week low of Rs 83.10. The company's trailing 12-month (TTM) EPS was at Rs 0.32 per share.
