Buy Indiabulls Real Estate, target price Rs 170: Yes Securities

Yes Securities has buy call on Indiabulls Real Estate with a target price of Rs 170. The current market price of Indiabulls Real Estate is Rs 150.15.

Time period given by analyst is Intra Day when Indiabulls Real Estate Ltd. price can reach defined target.
Indiabulls Real Estate Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 6824.50 Crore) operating in Real Estate sector.


Indiabulls Real Estate Ltd. key Products/Revenue Segments include Other Operating Revenue, Income from Project Development and Income From Real Estate Development for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 532.03 Crore, down -29.95 % from last quarter Total Income of Rs 759.51 Crore and up 459.81 % from last year same quarter Total Income of Rs 95.04 Crore. Company reported net profit after tax of Rs 4.87 Crore in latest quarter.

Investment Rationale
After losing 28 per cent from the July month’s high, the stock regained momentum in the recent past. Sustenance is likely to unlock further upside potential.