Buy Indiabulls Housing Finance Ltd., target Rs 780: Tejal Shah

Tejal Shah of Edelweiss Financial Services has Buy call on Indiabulls Housing Finance Ltd. with a target price of Rs 780. The current market price of Indiabulls Housing Finance Ltd. is Rs 699.55. Time period given by analyst is Intra Day, when Indiabulls Housing Finance Ltd. price can reach defined target. Tejal Shah recommended to keep stop loss at Rs 726. The stock has hit a high of Rs 456.45 and low of Rs 685.10 so far in trade. The scrip has fallen below its 50-day moving average. It not faces its 20- and 200-day moving averages placed at around Rs 687 level each.