INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has buy call on Indiabulls Housing Finance Ltd
with a target price of Rs 1400
The current market price of Indiabulls Housing Finance Ltd
is Rs 1389.5 Time period given by analyst is Intra Day when Indiabulls Housing Finance Ltd
price can reach defined target
Dr CK Narayan recommended to keep stoploss at Rs 1363
Indiabulls Housing Finance Ltd., incorporated in the year 2005, is a largecap company with a market cap of Rs 58797.29 crore.
Indiabulls
key Products/Revenue Segments include Interest which contributed Rs 9708.29 Crore to Sales Value (96.77 % of Total Sales), Loan Processing
Charges which contributed Rs 238.43 Crore to Sales Value (2.37 % of Total Sales), Fees Other Charges which contributed Rs 33.40 Crore to
Sales Value (0.33 % of Total Sales), Other Operating Revenue which contributed Rs 26.30 Crore to Sales Value (0.26 % of Total Sales) and
Commission which contributed Rs 25.29 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 3890.27 Crore, up 5.44 % from last quarter Sales of
Rs 3689.72 Crore and up 31.61 % from last year same quarter Sales of Rs 2955.99 Crore Company has reported net profit after tax of Rs
1048.68 Crore in latest quarter
The company’s top management includes Brig.(Retd)Labh Singh Sitara, Dr.Kamalesh Shailesh Chandra Chakrabarty, Justice(Retd)Bisheshwar
Prasad Singh, Justice(Retd)Gyan Sudha Misra, Mr.Ajit Kumar Mittal, Mr.Ashwini Omprakash Kumar, Mr.Gagan Banga, Mr.Prem Prakash Mirdha,
Mr.Sameer Gehlaut, Mr.Shamsher Singh Ahlawat, Mrs.Manjari Ashok Kacker
Company has Deloitte Haskins Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 426,592,821 shares outstanding.
