IB REAL ESTATE
We are proposing India Bull Real estate for short term buying for the following reason...
- Total sale were increased reasonably by 3002 cr in FY-13 compared to FY-12 sale of Rs 1982 cr.
- All real estate companies loosing continuously but IB Real estate maintaining their profit Considerable range.
- Last financial year they successfully buy back 5cr share around Rs 273.20cr It intimates that company is very strong about their future.
- Added nearly 220 acres to the land bank in Gurgaon & Panvel, Now totally they are holding nearly 3592 acres in their land bank.
- While all other real estate firms got downgraded but IB real estate retained its A+ rating for long term debt & A1+( Highest possible)for short term debt.
- FII's holding 32% of their total equity shares.
- Annual rental income increased to 486 Cr in FY-13 Vs 354Cr in FY-12, So long term perspective it has strong cash flow to run the firm.
- Lots of projects are going all over India, once complete their projects they will get good profit.
- Book value of company is 142 now it trading almost half of the book value.
- Recently they announced 100% dividend, so it has good potential to improve their revenue.
- For growing India, Infrastructure have to fulfill in all the levels. We are recommending INDIA BULLS REAL ESTATE is one the best firm against all other real estate sectors.
- For short term it will reach around 102-105, long term perspective we expect around 150-163.
- If it fall below do average around 50-53 level.
- It has good potential for long term.
For more details contact us nsebsenow@gmail.com or 09042204422
