Buy Indiabulls Real Estate on dips, says Sukhani

Sudarshan Sukhani of s2analytics.com advised buying Indiabulls Real Estate on a consolidation intraday dip.

Sukhani told CNBC-TV18, “Indiabulls Real Estate has made a double bottom. Yesterday it confirmed that there is more upside here. So look to buy it on a consolidation intraday dip rather than just go headlong in the morning. Do not do that. That should not be done for most of the buying opportunities. The opportunities will come during the day, but go long here.”
The company's trailing 12-month (TTM) EPS was at Rs 1.14 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 53.73. The latest book value of the company is Rs 136.14 per share. At current value, the price-to-book value of the company was 0.45. The dividend yield of the company was 0 percent.
The stock's price-to-earnings (P/E) ratio stands at 53.77 on (NSE).