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Indiabulls Financial Services drops on profit booking

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Capital Market Mumbai

Meanwhile, the BSE Sensex was down 34.37 points or 0.17% to 19,657.05

On BSE, 2.59 lakh shares were traded in the counter as against average daily volume of 5.06 lakh shares in the past one quarter.

The stock hit a high of Rs 333 and a low of Rs 320.55 so far during the day. The stock had hit a 52-week high of Rs 337.65 on Monday, 7 January 2013. The stock had hit a 52-week low of Rs 148.15 on 9 January 2012.

The stock had outperformed the market over the past one month till 7 January 2013, rising 22.75% compared with the Sensex's 1.38% gain. The scrip had also outperformed the market in past one quarter, surging 42.70% as against Sensex's 3.98% gain.

 

The large-cap financial services company has an equity capital of Rs 62.49 crore. Face value per share is Rs 2.

Shares of Indiabulls Financial Services were on a roll recently, advancing 23.71% in seven trading sessions to Rs 330.20 on 7 January 2013 from its recent low of Rs 266.90 on 27 December 2012.

Indiabulls Financial Services' consolidated net profit rose 30.8% to Rs 299.14 crore on 29.7% growth in total income to Rs 1183.98 crore in Q2 September 2012 over Q2 September 2011.

Indiabulls Financial Services is a non-banking financial company. It provides lending and other financial products, including home loans, loans against property, commercial vehicle loans, and commercial credit to prime corporates.

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First Published: Jan 08 2013 | 11:32 PM IST

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