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Indiabulls Housing Finance corrects on profit booking

Capital Market 

Indiabulls Housing fell 2.92% to Rs 936.35 at 15:26 on on profit booking after a recent rally.

Meanwhile, the S&P Sensex was down 11.95 points, or 0.04% to 29,506.79.

On the BSE, 1.16 lakh shares were traded in the counter so far, compared with average daily volumes of 8.99 lakh shares in the past one quarter. The stock had hit a high of Rs 969.65 and a low of Rs 924.30 so far during the day. The stock hit a record high of Rs 982.40 yesterday, 20 March 2017. The stock hit a 52-week low of Rs 600.10 on 6 April 2016.

The stock had outperformed the market over the past one month till 20 March 2017, rising 12.91% compared with 3.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.39% as against Sensex's 12.20% rise.

The large-cap company has equity capital of Rs 84.77 crore. Face value per share is Rs 2.

Shares of Indiabulls Housing rose 13.56% in six trading sessions to settle at Rs 964.55 yesterday, 20 March 2017, from its close of Rs 849.40 on 9 March 2017.

On a consolidated basis, net profit of Indiabulls Housing rose 24.75% to Rs 751.49 crore on 25.92% rise in net sales to Rs 2475.94 crore in Q3 December 2016 over Q3 December 2015.

Indiabulls Housing Finance is a housing finance company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 15:15 IST