Indiabulls Housing Finance rose 1.38% to Rs 680.25 at 15:20 IST on BSE after consolidated net profit rose 22.59% to Rs 675.50 crore on 25.01% growth in total income to Rs 2647.18 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 25 April 2016.Meanwhile, the S&P BSE Sensex was up 301.50 points or 1.17% at 25,980.43.
The stock gained on heavy volumes. On BSE, so far 7.18 lakh shares were traded in the counter as against average daily volume of 1.26 lakh shares in the past one quarter. The stock hit a high of Rs 687.50 and a low of Rs 662.90 so far during the day. The stock had hit a record high of Rs 820 on 10 August 2015. The stock had hit a 52-week low of Rs 518 on 7 May 2015. The stock had outperformed the market over the past one month till 25 April 2016, advancing 4.22% compared with Sensex's 1.35% rise. The scrip had, however, underperformed the market in past one quarter, sliding 5.24% as against Sensex's 4.87% rise.
The large-cap company has equity capital of Rs 84.26 crore. Face value per share is Rs 2.
Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.
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