Indiabulls Real Estate

Farallon exits seven Indiabulls JVs

Indiabulls-Real-Estate1Indiabulls Real Estate on Sunday announced that it had purchased back the entire stake of US-based Farallon Capital's reality subsidiary FIM in seven joint ventures for Rs 1,172 crore.

FIM exited the seven the seven Indiabulls JVs with an impressive gain of 42 per cent in six years.

The American reality giant had acquired 49 per cent equity stake in JVs in question in the year 2007 with an investment of Rs 847 crore.


Buy Indiabulls Real Estate With Target Of Rs 134

Buy Indiabulls Real Estate With Target Of Rs 134Technical analyst Rajesh Satpute has maintained 'buy' rating on Indiabulls Real Estate Limited stock to attain a target of Rs 134.

According to analyst, the investors can buy the stock with a stop loss of Rs 120

Mr. Satpute added that the said target can be achieved within 2-3 trading sessions.

The stock of the company, May 02, closed at Rs 125.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.50 and a low of Rs 104.50 on BSE.


Buy Indiabulls Real Estate With Intraday Target Of Rs 117

Buy Indiabulls Real Estate With Intraday Target Of Rs 117Technical Analyst Salil Sharma has maintained 'buy' rating on Indiabulls Real Estate Limited stock to achieve an intra-day target of Rs 117.

Mr. Singhvi said that the investors can buy the stock with a stop loss of Rs 108.

The stock of the company, on March 15, closed at Rs 109.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.50 and a low of Rs 104.50 on BSE.


Indiabulls Real Estate shares rise 2% on restructuring plans

Indiabulls-Real-EstateShares of Indiabulls Real Estate have crashed 1% after opening at Rs. 215.

The stock does business at Rs. 207, down Rs. 2.05. The stock has strike a high of Rs. 215 and a low of Rs. 206.

Total traded quantity on the counter set at over 12.16 lakh shares.

The company has posted a net profit after tax of Rs. 314.462 mn for the quarter ended September 30, 2010 as contrasted to Rs. 59.589 mn for the quarter ended September 30, 2009.


Sloane Robinson hikes stake in Indiabulls Real Estate

Indiabulls Real EstateSloane Robinson LLP, leading foreign fund house, has informed that it has increased its stake in Indiabulls Real Estate.

As per sources, the UK- based fund house has purchased 19.82 lakh shares (0.5 per cent stake) and hiked its stake holding to 5.42 per cent in Indiabulls Real Estate Ltd.

Sources added that Sloane Robinson LLP has acquired 19.82 lakh shares of Indiabulls Real Estate through open market transactions.

In a communiqué, the fund house functionaries stated that the transaction of shares was carried out on October 8.


Indiabulls launches mini-townshop ‘Indiabulls Green’

Indiabulls launches mini-townshop ‘Indiabulls Green’ Construction firm Indiabulls Real Estate Ltd has announced the launch of mini-township, Indiabulls Greens, just 5 kilometers from Panvel station.

The newly launched project is a quiet neighborhood of 25 acres, overlooking the hills and is close to the Mumbai-Pune highway. 

The company claims that Indiabulls Greens is a perfect opportunity for residents looking to upgrade from a small home in suburbs like Khargar and Belapur. In addition, it will give them the option of moving into a bigger home with a better lifestyle.


Buy Call For Indiabulls Real Estate With Target Of Rs 245: Nirmal Bang

Buy Call For Indiabulls Real Estate With Target Of Rs 245: Nirmal BangIn its latest research report, Nirmal Bang, an equity research firm said that Indiabulls Real Estate (IBREST) can give good returns in the short term.

The report further stated that, if the counter is successful to breach 211, then it will create a huge breakout.

Nirmal Bang Research has advised its investors to hold the stock to achieve a target price above Rs 245.

Besides, the report has also suggested a support level of Rs 197 for the scrip.


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