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    Sell Indiabulls Housing Finance, price target Rs 282: CK Narayan

    Synopsis

    The analyst suggested a stoploss at Rs 299 .

    Buy-sell11ThinkStock Photos
    CK Narayan of Chart Advise has a sell call on Indiabulls Housing Finance Ltd. with a target price of Rs 282.0 . The current price of Indiabulls Housing Finance Ltd. is Rs 294.4 Time period given by the analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach defined target. . CK Narayan recommended to keep a stoploss at Rs 299 .

    Indiabulls Housing Finance Ltd., incorporated in 2005, has a market cap of Rs 12587.78 crore.

    Indiabulls Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 13538.10 Crore to Sales Value (87.86 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 616.78 Crore to Sales Value (4.00 % of Total Sales), Income From Financial Services which contributed Rs 609.13 Crore to Sales Value (3.95 % of Total Sales), Dividend which contributed Rs 385.12 Crore to Sales Value (2.49 % of Total Sales), Other Operating Revenue which contributed Rs 162.94 Crore to Sales Value (1.05 % of Total Sales), Fees & Other Charges which contributed Rs 62.64 Crore to Sales Value (0.40 % of Total Sales) and Commission which contributed Rs 32.64 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2019.

    For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3419.54 Crore, down -11.98 % from last quarter Sales of Rs 3884.99 Crore and down -19.62 % from last year same quarter Sales of Rs 4254.30 Crore Company has reported net profit after tax of Rs 702.18 Crore in latest quarter.

    The company’s top management includes Justice(Retd)Gyan Sudha Misra, Mr.Ajit Kumar Mittal, Mr.Ashwini Omprakash Kumar, Mr.Gagan Banga, Mr.Prem Prakash Mirdha, Mr.Sachin Chaudhary, Mr.Sameer Gehlaut, Mr.Satish Chand Mathur, Mr.Shamsher Singh Ahlawat, Mr.Subhash Sheoratan Mundra. Company has S R Batliboi & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 427,574,091 shares outstanding.



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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 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 .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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