Looks like I am the lone warrier here. Anyway Just see this announcement from BSE...
Pursuant to the Scheme, the real estate business of the Company has been demerged to Indiabulls Real Estate Ltd. Some of the real estate assets that would be a part of Indiabulls Real Estate Ltd have been valued by Knight Frank, a leading international real estate consultancy Company. Knight Frank has estimated the present value of 100% of the six development projects at Rs 215,690 million. The total present value of Indiabulls Real Estate Ltd's effective ownership in the project Companies undertaking the proposed developments is Rs 151,250 million.
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On equity capital of 3399.7 million, Book value comes out to be 446 INR per share. Basant jee can you derive listing value based on some real estate/land bank parameter ?
Unititech's similer value is 621 INR (sharekhan report) and it is outperformer rated. It's 52-week high was 13% discount to this value. Assuming same for Indiabulls it's 52 week hight could be 388 INR.
NOTE: It does not include any land bank from purchase of Noble realestate pvt. Ltd.
Edited by vipul - 20/Dec/2006 at 11:16am