Also the company has various development projects like Blue Estate & Club, Worli, Sky Forest, Lower Parel, Indiabulls Greens, Panvel, One Indiabulls, Thane.
One of the main reasons to buy the company’s shares is that the company has reduced its debt in the quarter ended in the current financial year. The company’s net debt declined to Rs 464 crore from Rs 1,005 crore in the quarter of FY22.
The second reason is that its connection with the diplomatic corps is huge. Recently the company is in the final stages of review for NCLT merger and the merger is scheduled to take place on September 8, 2022 in Chandigarh. Once the merger is completed, the company’s share price is said to be likely to rise.
And according to the data, the shares of the company are said to go up to Rs 77 to Rs 84 in the coming days.
If an investor buys the company’s shares at the current market price, they can expect a potential profit of 10% as the stock will reach its target price in the near future.
Indiabulls Real Estate is currently trading at Rs 84.75, down 0.15%. As the price of the company’s stock may rise in the near future, buy this multipacker stock that has fallen in price and you can see more profit in the future.
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