Pritesh Mehta, senior technical analyst at IIFL told CNBC-TV18, "Indiabulls Real Estate had a rounding bottom breakout in the month of October, thereafter it went to the peak of Rs 75. It came back lower and again found support at its previous breakout point. It is showing that there is going to be more upside in the counter going forward. I will buy this counter around Rs 60-67 for a target of Rs 76-77."
The company's trailing 12-month (TTM) EPS was at Rs 1.14 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 60. The latest book value of the company is Rs 134.23 per share. At current value, the price-to-book value of the company was 0.51. The dividend yield of the company was 2.92 percent.
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