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Buy Indiabulls Housing Finance; target Rs 866: Kunal Bothra

Buy Indiabulls Housing Finance at a price target of Rs 866 and a stoploss at Rs 814.

ETMarkets.com|
Updated: Dec 27, 2018, 09.13 AM IST
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Kunal Bothra recommended to keep stoploss at Rs 814.
Independent Analyst Kunal Bothra has a buy call on Indiabulls Housing Finance with a target price of Rs 866. The current market price of Indiabulls Housing Finance is Rs 831. Time period given by analyst is Intra Day when Indiabulls Housing Finance price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 814. Indiabulls Housing Finance , incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 35514.02 crore) operating in Finance sector.

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

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 3980.39 crore, up 2.32 per cent from last quarter Sales of Rs 3890.27 crore and up 29.78 per cent from last year same quarter Sales of Rs 3067.04 crore Company has reported net profit after tax of Rs 1034.92 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.

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