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Buy Indiabulls Housing Finance, target Rs 670: Kunal Bothra

Buy Indiabulls Housing Finance Ltd. at a price target of Rs 670.0 and a stoploss at Rs 630 from entry point.

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Updated: Feb 21, 2019, 09.15 AM IST
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Independent analyst Kunal Bothra has a buy call on Indiabulls Housing Finance Ltd. with a target price of Rs 670. The current market price of Indiabulls Housing Finance Ltd. is Rs 646.15. Time period given by the analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 630. Indiabulls Housing Finance Ltd., incorporated in 2005, is a largecap company with a market cap of Rs 27616.67 crore.

Indiabulls Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 11813.14 Crore to Sales Value (96.71 % of Total Sales), Loan Processing Charges which contributed Rs 214.35 Crore to Sales Value (1.75 % of Total Sales), Fees & Other Charges which contributed Rs 77.06 Crore to Sales Value (0.63 % of Total Sales), Other Operating Revenue which contributed Rs 75.11 Crore to Sales Value (0.61 % of Total Sales) and Commission which contributed Rs 35.11 Crore to Sales Value (0.28 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 4236.80 Crore, up 6.44 % from last quarter Sales of Rs 3980.39 Crore and up 26.50 % from last year same quarter Sales of Rs 3349.17 Crore Company has reported net profit after tax of Rs 972.82 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.Sachin Chaudhary, Mr.Sameer Gehlaut, Mr.Shamsher Singh Ahlawat, Mr.Subhash Sheoratan Mundra, Mrs.Manjari Ashok Kacker. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 427,364,879 shares outstanding.

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