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Buy Indiabulls Housing Finance, target Rs 1145.0 : Pritesh Mehta

Buy Indiabulls Housing Finance Ltd. at a price target of Rs 1145.0 and a stop loss at Rs 1060.0 from entry point

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Last Updated: May 18, 2017, 01.20 PM IST|Original: May 18, 2017, 01.20 PM IST
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Pritesh Mehta of IIFL has a buy call on Indiabulls Housing Finance Ltd. with a target price of Rs 1145.0 .The current market price of Indiabulls Housing Finance Ltd. is 1069.1 Time period given by analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach defined target. Pritesh Mehta maintains stop loss at Rs 1060.0 .

Indiabulls Housing Finance Ltd., incorporated in the year 2005, is a largecap company (having a market cap of ₹ 45755.26 crore operating in Finance sector.

Indiabulls Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 7560.05 Cr to Sales Value (95.29 % of Total Sales), Loan Processing Charges which contributed ₹ 298.14 Cr to Sales Value (3.75 % of Total Sales), Fees & Other Charges which contributed ₹ 43.39 Cr to Sales Value (0.54 % of Total Sales), Other Operating Revenue which contributed ₹ 16.30 Cr to Sales Value (0.20 % of Total Sales) and Commission which contributed ₹ 15.06 Cr to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 2931.40 Cr., up 18.40% from last quarter Sales of ₹ 2475.94 Cr. and up 31.28% from last year same quarter Sales of ₹ 2232.97 Cr. Company has reported net profit after tax of ₹ 837.32 Cr. in latest quarter. The company’s CEO is Mr.Gagan Banga. It's Board of Directors include Mr.Amit Jain, Mr.Anil Rathore, Mr.M S Walia, Mr.Mukesh Garg, Mr.Nafees Ahmed, Mr.Pinank Shah, Mr.Rajiv Gandhi, Mr.Ripudaman Bandral, Mr.Sachin Chaudhary, 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, Mr.Amit Jain. Company has its registered office at M-62 & 63, First floor,, Connaught Place, New Delhi, 110001, Delhi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2017, the company has a total of 420,656,631 shares outstanding.

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