|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
Shares in Indiabulls Real Estate
The investment bank cited better-than-expected sales bookings, as well as optimism about new projects, including a luxury project in central Mumbai as key reasons for the upgrade.
BofA-Merrill expects the trend of better bookings to continue with more projects lined up for launches in Gurgaon, located near New Delhi and in the city of Chennai.