Indiabulls can touch Rs 75-78: Ashish Chaturmohta

Indiabulls Real Estate can touch Rs 75-78, says Ashish Chaturmohta of IIFL Wealth.

Chaturmohta told CNBC-Awaaz, "Indiabulls Real Estate is looking good on chart.  The stock is trading well since last few days. It has strong support at Rs 64-65 in short term. It can touch Rs 75-78 in coming days."
The company's trailing 12-month (TTM) EPS was at Rs 0.35 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 177.71. The latest book value of the company is Rs 159.20 per share. At current value, the price-to-book value of the company was 0.39.