Indiabulls has suggested a buy on Ansal Properties & Infrastructure for a short term target of Rs 400. The stock has been recommended at a price of Rs 350. The counter is looking strong and may shoot once positive announcement is made by the company. The stock touched a low in November as Ansal Brothers were sentenced 2 years imprisonment by the Court in Uphaar Case. Ansal Brothers have got interim bail. The company has been granted approval by Uttar Pradesh government to double the size of Dadri project.

The real estate sector is looking strong. Omaxe, DLF and Unitech are also good for long term investments. Omaxe has been making new 52-week highs in past few trading sessions. The stock has great potential as the real estate sector is showing strong numbers.

The real estate sector is booming. The prices may have come down in last quarter but this offers an opportunity for real estate giants to buy land blocks at better price.

Ansal Properties has touched a 52-week high of Rs 569 on NSE and a low of Rs 200. The company has reporter an EPS of 14.61 and a dividend of 25%. The stock is good for short term and even for a medium term for investors having holding capacity.