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Indiabulls Housing Finance Ltd in demand

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Capital Market

Indiabulls Housing Finance Ltd is quoting at Rs 245.7, up 1.68% on the day as on 12:49 IST on the NSE. The stock is down 71.6% in last one year as compared to a 13.2% gain in NIFTY and a 29.26% gain in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd rose for a third straight session today. The stock is quoting at Rs 245.7, up 1.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.36% on the day, quoting at 11865.85. The Sensex is at 40198.04, down 0.31%. Indiabulls Housing Finance Ltd has added around 24.22% in last one month.

 

Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has added around 8.7% in last one month and is currently quoting at 13868.65, up 0.26% on the day. The volume in the stock stood at 248.4 lakh shares today, compared to the daily average of 555.6 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 239.9, up 2.37% on the day. Indiabulls Housing Finance Ltd is down 71.6% in last one year as compared to a 13.2% gain in NIFTY and a 29.26% gain in the Nifty Financial Services index.

The PE of the stock is 3.54 based on TTM earnings ending September 19.

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First Published: Nov 11 2019 | 1:05 PM IST

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