Investors can purchase Indiabulls Real Estate stock to achieve an intraday target between Rs 684-708.

This is a brilliant stock, which has performed well in recent trading sessions.

Interested investors may buy the stock around Rs 645, with a stop loss at Rs 638. Yesterday, the stock marked its closure at Rs 660.10, up 10.1% on BSE, and Rs 660.00, up 10.1% on NSE. Investors can surely reap good returns from this brilliant stock.

Indiabulls Real Estate through its subsidiary Indiabulls Wholesale Services plans to open 30 hypermarkets across as many smaller cities in the country in the next 15 to 18 months with an investment of Rs 15 billion.  
 
The first store is expected to open in March/April 2008.                                     

The company will model its large format stores on the lines of Costco Wholesale stores in the US. The company will be focusing on cities including Ahmedabad, Jodhpur, Indore, Kanpur, Patiala and Ludhiana.