Indiabulls has suggested investors to buy INOX Leisure for short term. The stock may see an uptrend in coming 2 - 3 months.

Today, the stock is hovering near Rs 124, up 4%. But, the investors will purchase the stock when it starts declining. The short term target for the stock is around Rs 155.

It will surely achieve this target within the said time period.

INOX Leisure, a subsidiary of Gujarat Flurochemicals announced (on Nov 10) commencement of commercial operation at its new multiplex theatre situated at Riverside Mall, Vipin Khand, Gomti Nagar, Lucknow from Nov. 9, 2007.

Incorporated in 1999 Inox Leisure runs 14 multiplexes in 12 cities (as of Mar. 31, 2007). All INOX complexes offer an option of 2-5 auditoriums, stadium style high-back seating with cup holder arm-rests, selection of Hindi, English and regional movies and computerized ticketing.