Stock market analyst Hitesh Chotalia has maintained 'sell' rating on Indiabulls Real Estate Ltd stock with target of Rs 145.
According to analyst, the investors can sell the stock with stop loss of Rs 157.
Today, the stock opened at Rs 152 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 298.10 and a low of Rs 143 on BSE.
Indiabulls Real Estate Ltd has declared that, upon exercise of stock options, vested in terms of Indiabulls Real Estate Ltd ESOS 2008 (II), by certain entitled employees, and upon receipt of full consideration therefore, the company's directors at its meeting on June 17, 2010, has apportioned an aggregate of 1,04,500 equity shares of face value Rs 2/- each to such employees.
With a pan-India presence, Indiabulls Real Estate Ltd has joined hands with Farallon Capital Management LLC of USA to take the first FDI into property.
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