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Stock to watch out!!!

Long
NSE:IBREALEST   INDIABULLS REAL EST
Research pick:
IBREALEST : CMP 64.75

We recommend this stock on following parameters πŸ‘‡

πŸ‘‰ Affordability of Real estate is at high as the interest rates are at multi year low(interest rates at 6.85%) and also flat property prices.
πŸ‘‰ Company in its recent investors presentation has submitted that they see high demand for completed projects. Company have net surplus of 3102 crores which provides great liquidity going further.
πŸ‘‰ Company has entered into merger agreement with embassy group & has been filed with SEBI for approval.πŸ’š
πŸ‘‰Post merger, they are market leader in launched projects surpassing DLF , who is market leader at presentπŸ’š
πŸ‘‰ They are also no #1 Post merger in land bank by acres surpassing market leaders which is positive signπŸ’š
πŸ‘‰ With combined entity - annual estimated future rentals potential from planned commercial assets in excess of β‚Ή4200 cr πŸ’šπŸ’šπŸ’š
πŸ‘‰ Geographical diversification after merger which will reduce dependence on single location which was the case before merger πŸ’šπŸ’šπŸ’š
πŸ‘‰ Diversified portfolio mix concentration(both commercial & residential) which can hedge against cyclical up & downs
πŸ‘‰ Stock is trading at 64 which is below book vale(intrinsic) of 73 per share makes the stock attractiveπŸ’šπŸ’š
πŸ‘‰ Real estate sector has underperformed for the past 3-4 yrs and already bottomed out. We expect revival in the sector in the coming years.
πŸ‘‰ RARE ENTERPRISES(RAKESH JHUNJHUNWALA) had purchased 50 lakh shares @57 - BULK Deal on 12 Nov 2020

On Technical front, stock is into verge of weekly breakout above 67 levels.
Target 100+
Trade active: Today went 9% up and closed at 7%
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Disclaimer: Any view mentioned is of personal view of the author and for educational purpose.

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