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Buy Indiabulls Housing Finance, target Rs 1275.0 : Reliance Securities

Buy Indiabulls Housing Finance Ltd. at a price target of Rs 1275.0 and a stop loss at Rs 1000.0 from entry point

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Last Updated: May 29, 2017, 01.09 PM IST|Original: May 29, 2017, 01.09 PM IST
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Reliance Securities has a buy call on Indiabulls Housing Finance Ltd. with a target price of Rs 1275.0 .The current market price of Indiabulls Housing Finance Ltd. is 1100.5 Time period given by the brokerage is a month when Indiabulls Housing Finance Ltd. price can reach defined target. Reliance Securities recommended to keep stop loss at Rs 1000.0 .

Indiabulls Housing Finance Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of ₹ 46008.24 Cr.) operating in Finance sector.

Indiabulls Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 7560.05 Cr to Sales Value (95.29 per cent of Total Sales), Loan Processing Charges which contributed ₹ 298.14 Cr to Sales Value (3.75 per cent of Total Sales), Fees & Other Charges which contributed ₹ 43.39 Cr to Sales Value (0.54 per cent of Total Sales), Other Operating Revenue which contributed ₹ 16.30 Cr to Sales Value (0.20 per cent of Total Sales) and Commission which contributed ₹ 15.06 Cr to Sales Value (0.18 per cent 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 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 31-03-2017, the company has a total of 420,656,631 shares outstanding.

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