03.06.2009 - Indiabulls Real Estate cut to ‘hold’ at Deutsche Bank
From Bloomberg: Indiabulls Real Estate Ltd., India’s third-biggest developer, was downgraded at Deutsche Bank AG, which cited the gains in the shares, a possible sale of warrants and “weak demand” for its Mumbai office projects. The shares were lowered to “hold” from “buy,” Deutsche Bank analysts Abhay Shanbhag and Prakash Agarwal wrote in a report yesterday. They increased their share-price estimate by 18 percent to 183 rupees, the report also said. ......Full Article: Source
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