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Buy Indiabulls Housing Finance with a target of Rs 1076 -- Kunal Bothra

Buy Indiabulls Housing Finance Ltd. at a price target of Rs 1076.0 and a stoploss at Rs 1041.0 from entry point

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Last Updated: May 15, 2017, 09.08 AM IST|Original: May 15, 2017, 09.08 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 1076.0. The current market price of Indiabulls Housing Finance is 1053.1 Time period given by analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 1041.0 .

Indiabulls Housing Finance Ltd., incorporated in the year 2005, is a largecap company (having a market cap of ₹ 45314.45 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 % 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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