Thursday, June 23, 2011

IB Real Estate Buy on steep correction

/photo.cms?msid=8900956Indiabulls Real Estate

This is another counter that turned around on an annual basis in 2010-11. It reported a consolidated net profit of Rs 160 crore compared to a consolidated net loss of Rs 16 crore in 2009-10.

Our Recommendation :

This is a traders delight. Buy below 100 levels and look for a target of 150 holding period 3 months

The scrip has been giving fantastic returns for those who are buying at support levels and selling on a gain of 25-30%

Investor has to sell whenever it peaks out and again re enter.

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Ingenious Investor

Equity Research Division


Ravina Consulting

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