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Sell Indiabulls Housing Finance, target Rs 1180: Kunal Bothra

Sell Indiabulls Housing Finance at a price target of Rs 1180 and a stop loss at Rs 1235 from entry point.

ETMarkets.com|
Updated: May 15, 2018, 09.10 AM IST
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Independent analyst Kunal Bothra has a sell call on Indiabulls Housing Finance Ltd. with a target price of Rs 1180. The current market price of Indiabulls Housing Finance Ltd. is Rs 1216.95. 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 stop loss at Rs 1235.

Indiabulls Housing Finance Ltd., incorporated in 2005, is a large-cap company with a market cap of Rs 51914.21 crore operating in Finance sector.

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 31-03-2018, the company has reported a Consolidated sales of Rs 3689.72 Crore, up 10.17 % from last quarter Sales of Rs 3349.17 Crore and up 25.87 % from last year same quarter Sales of Rs 2931.40 Crore Company has reported net profit after tax of Rs 1024.47 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 31-03-2018, the company has a total of 426,535,786 shares outstanding.

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