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Street signs: Indiabulls Housing's share price, banking funds, and more

Experts say improvement in asset quality bodes well for corporate banks and should lead to increased earnings for these lenders.

Sundar Sethuraman Jash Kriplani & Samie Modak 

LIC’s Indiabulls Hsg buy raises eyebrows Life Insurance Corporation's (LIC) investments in the beleaguered Indiabulls Housing Finance (IBHF) has raised eyebrows. The insurance giant had raised its stake in the housing finance firm from 1.13 per cent at the end of March 2017 to 10.74 by the end of September 2018. During this period, the stock hovered between Rs 1,000 and Rs 1,300.

But, LIC’s peak shareholding coincided with a sharp fall in IBHF’s share price. Currently, it trades at Rs 242, only a fraction of LIC’s average buying price. And, LIC still ...

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First Published: Sun, November 10 2019. 20:02 IST
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