INDIABULLS REAL ESTAE

Indiabulls Real Estate is one of the largest real estate company in India with development projects spread across high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, state of the art special economic zones and infrastructure development. This 'A' group stock hit a 52 week low recently and is available at a P/BV of less than one! The Book Value is around Rs. 160 per share and the market cap of the company is a little over Rs. 4000 crores. The company has Reserves & Surplus of over Rs. 8000 crores. Investments are a little over Rs. 6000 crores. The company has net current assets of more than 5000 crores. Public owns more than 75% of the shares. The stock seems to be a good buy between Rs.115 & Rs.117 for a target of around Rs.160 in a year's time. What do you think?