Buy Indiabulls Housing Finance, target Rs 1400: Dr CK Narayan
Buy Indiabulls Housing Finance Ltd. at a price target of Rs 1400.0 and a stoploss at Rs 1363 from entry point.
Indiabulls Housing Finance Ltd. 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.