“Looking to the results posted by Indiabulls Financial, future looks good. Yes the going is going to be quite good and if one take the call on the stock from the PE multiple also I don’t think that it looks really too expensive.”
He further added, “One can expect a gradual rise from hereon, but we have seen infact the kind of profit booking or you may call it liquidations by the traders or the short term investors in the stock, which brings it down quickly as well leading to the higher volatility. So, one can keep a price target of Rs 225-230 which will make a good entry point may be with a view of couple of months or so.”
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