Indiabulls Housing Finance lost 1.24% at Rs 393.40 at 12:18 IST on BSE after consolidated net profit rose 21% to Rs 448.30 crore on 15.7% growth in total revenue to Rs 1705.80 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced after market hours yesterday, 27 October 2014.
Meanwhile, the S&P BSE Sensex was up 40.96 points or 0.15% at 26,793.86.
On BSE, so far 84,000 shares were traded in the counter as against average daily volume of 97,652 shares in the past one quarter.
The stock was volatile. The stock lost as much as 1.35% at the day's low of Rs 392.95 so far during the day. The stock rose as much as 3.82% at the day's high of Rs 413.60 so far during the day. The stock had hit a record high of Rs 442 on 24 September 2014. The stock had hit a 52-week low of Rs 188 on 17 February 2014.
The stock had underperformed the market over the past one month till 27 October 2014, declining 2.08% as compared with Sensex's 0.48% rise. The scrip had also underperformed the market in the past one quarter, advancing 1.71% as compared to the Sensex's 2.4% rise.
The large-cap company has equity capital of Rs 71.02 crore. Face value per share is Re 2.
Indiabulls Housing Finance (IBHFL)'s net interest income rose 14.3% to Rs 737.40 crore in Q2 September 2014 over Q2 September 2013.
The company had cash, cash equivalents and investments in liquid debt instruments of Rs 7141 crore as of 30 September 2014.
Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.
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