Indiabulls group shares in demand

Shares of four Indiabulls group companies rose by 1.25% to 15.20% after Rajya Sabha MP and veteran Bharatiya Janata Party leader Subramanian Swamy tweeted about Indiabulls Housing Finance.

Swamy tweeted, "In this hour of economic tailspin, wage earners & middle class families who have placed in trust their life savings in financial companies should be generously given back their investments & that in turn Banks should have liberal attitude toward these companies on pending loans."

"Many have responded with their willingness but surprised to receive from India Bulls a transparent response sending company documents with bank statements. I have asked my legal team to examine these documents."

Indiabulls Housing Finance (up 15.20%) and Indiabulls Real Estate (up 1.25%) advanced.

Indiabulls Integrated Services and Indiabulls Ventures were locked in upper circuit of 5% each.

Meanwhile, the S&P BSE Sensex was up 92.22 points or 0.22% to 41,112.83.

The Indiabulls Group is a diversified financial services group with interests in housing finance, consumer finance and personal wealth. The group also has a presence in real estate, pharmaceuticals, lighting and infrastructure & construction equipment leasing.

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