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    Share price of Indiabulls Housing Finance Ltd. jumps as Sensex gains 155.68 points

    Synopsis

    A total of 3,229,457 shares changed hands on the counter till 02:10PM (IST)

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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    PEER COMPANIES

    Share price of Indiabulls Housing Finance Ltd. gained 2.93 per cent to Rs 231.75 at 02:10PM (IST) in Friday's trade. The stock hit a high of Rs 232.0 and low of Rs 215.0 so far during the session. The stock had closed at Rs 225.15 in the previous session.

    The counter had a total traded volume of 02:10PM shares so far with a turnover of Rs 71.32 crore on BSE. The stock traded at a price-to-earnings multiple of 3.12 and a price-to-book ratio of 0.58.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Indiabulls Housing Finance Ltd. belongs to the NBFC - Housing industry.

    Promotor/FII Holding
    Promoters held 22.87 per cent stake in the company as of 31-Mar-2020, while foreign investors and domestic institutional investors ownership stood at 37.42 per cent and 0.62 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 3369.16 crore for the quarter ended 31-Dec-2019, down 1.47 per cent from the previous quarter's Rs 3419.54 crore and down 20.48 per cent from the year-ago quarter's Rs 4236.8 crore.

    Its profit for the latest quarter stood at Rs 551.7 crore, down 44.02 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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    1 Comment on this Story

    SDoshi40 days ago
    I AM CONFIDENT THE OWNER WHO IS A SON OF A RAJASTHAN POLITICIAN IS A BIG TIME "THUG" PLAYING WITH LAKHS OF CRORES OF RUPEES!
    GOD KNOWS WHAT IS HE GOING TO DO WITH SO MUCH OF CAPITAL....SOMEBODY SHOULD KEEP A STRICT WATCH ON MR GEHLOTS COMPANY! MY 10 CENTS!
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