Indiabulls Housing Finance jumps after early redemption of NCDs

Indiabulls Housing Finance was up 3.74% to Rs 665.70 at 12:29 IST on the BSE after the company announced early redemption of non-convertible debentures.

The announcement was made during market hours today, 3 July 2019.

Meanwhile, the S&P BSE Sensex was up by 35.90 points or 0.09% to 39,852.38.

On the BSE, 5.80 lakh shares were traded in the counter so far compared with average daily volumes of 14.52 lakh shares in the past two weeks. The stock had hit a high of Rs 670.50 and a low of Rs 637.10 so far during the day. It hit a 52-week high of Rs 1,396.85 on 6 August 2018 and a 52-week low of Rs 500.20 on 19 June 2019.

Indiabulls Housing Finance said it bought back secured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each (except NCDs bearing face value Rs 3.33 lakh each).

On a consolidated basis, Indiabulls Housing Finance's net profit fell 7% to Rs 1006.15 crore on a 5.2% rise in the total income to Rs 4209.81 crore in Q4 March 2019 over Q4 March 2018.

Indiabulls Housing Finance is a housing finance company.

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