Company Overview :
Indiabulls Real Estate Ltd was incorporated in the year 2006. It is listed on BSE and NSE. Company engaged in the business of Real Estate Sector. Company is involved in the purchase, sale, construction and development of real estate projects as well as consultancy and advisory services. Its market cap as on date 6503.97 crore and currently trading at 143.05 at NSE and 142.95 at BSE. Company is debt free , with zero promoter pledge and giving good quarterly profit. Stock price gained more than 31% in last one month. Now its immediate Resistance (R1 : 146.25, R2: 151.15 and R3 : 154.50) and immediate support at ( S1 : 137.50, S2: 132.50 and S3: 129.85)
Financial Views
Indiabulls real estate Limited posted quarterly result ended 31 Mar 21 (Q4 Result) , the company has reported a consolidate total income of Rs. 759.51 crore vs last quarter was 756.81 crore up by 0.36% Quarter on Quarter basis and up by 400.69 % from last year in Q4 total income was 151.69 crore. Company has reported net profit after tax of Rs. 94.51 crore in the last quarter.
Big Announcement
Indiabulls Real Estate Limited has signed a agreement to merge with Embassy group, a large property developer focused in the southern india market. Indiabulls Real Estate Ltd working in the field of Residential Property whereas Embassy group involved in Commercial Property in Pan-india. His strong presence in the commercial and residential market of Bengaluru, Mumbai and Delhi NCR.
Long Term Views
The Company reported excellent profit in Q4 as well as expecting good quarterly result in Q1 for the FY21. Company is reporting repeated profits, but it is not paying out dividend but we can seen huge jump in its stock price once merger of embassy group is done with indiabulls real estate limited. In the last one year company return was 146%.
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Our Views on stock
Indiabulls Real Estate Limited identified from our end at 115-121 range for our target is 175 and 240. Once target hit will revised our target.
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