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Indiabulls Housing Finance Ltd slips for fifth straight session

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Capital Market

Indiabulls Housing Finance Ltd is quoting at Rs 267.9, down 1.67% on the day as on 13:19 IST on the NSE. The stock tumbled 60.98% in last one year as compared to a 14.17% rally in NIFTY and a 27.72% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd dropped for a fifth straight session today. The stock is quoting at Rs 267.9, down 1.67% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 11975.15. The Sensex is at 40637.08, up 0.47%.Indiabulls Housing Finance Ltd has added around 12.3% in last one month.Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has increased around 1.13% in last one month and is currently quoting at 14041.85, up 0.61% on the day. The volume in the stock stood at 368.5 lakh shares today, compared to the daily average of 621.25 lakh shares in last one month.

 

The benchmark December futures contract for the stock is quoting at Rs 266.85, down 1.93% on the day. Indiabulls Housing Finance Ltd tumbled 60.98% in last one year as compared to a 14.17% rally in NIFTY and a 27.72% spurt in the Nifty Financial Services index.

The PE of the stock is 3.99 based on TTM earnings ending September 19.

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First Published: Dec 09 2019 | 1:35 PM IST

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