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Indiabulls Housing Finance Ltd spurts 8.44%

Capital Market 

Indiabulls Housing Finance Ltd is quoting at Rs 363, up 8.44% on the day as on 12:49 IST on the NSE. The stock is down 49.27% in last one year as compared to a 10.86% spurt in NIFTY and a 23.96% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd is up for a third straight session in a row. The stock is quoting at Rs 363, up 8.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 12058.25. The Sensex is at 40811.64, down 0.77%. Indiabulls Housing Finance Ltd has risen around 69.43% in last one month.

Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has risen around 4.72% in last one month and is currently quoting at 14287, down 0.75% on the day. The volume in the stock stood at 824.59 lakh shares today, compared to the daily average of 584.04 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 356, up 6.13% on the day. Indiabulls Housing Finance Ltd is down 49.27% in last one year as compared to a 10.86% spurt in NIFTY and a 23.96% spurt in the Nifty Financial Services index.

The PE of the stock is 4.9 based on TTM earnings ending September 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 29 2019. 13:05 IST
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