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Sell Indiabulls Housing Finance, target Rs 500: Manas Jaiswal

Sell Indiabulls Housing Finance Ltd. at a price target of Rs 500.0 and a stoploss at Rs 586 from entry point.

ETMarkets.com|
Updated: Jul 30, 2019, 09.01 AM IST
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Sell-15
Manas Jaiswal of manasjaiswal.com has a sell call on Indiabulls Housing Finance Ltd. with a target price of Rs 500. The current market price of Indiabulls Housing Finance Ltd. is Rs 559. Time period given by the analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 586. Indiabulls Housing Finance Ltd., incorporated in 2005, has a market cap of Rs 23901.39 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 31-03-2019, the company has reported a Consolidated sales of Rs 4209.53 Crore, down -.64 % from last quarter Sales of Rs 4236.80 Crore and up 14.09 % from last year same quarter Sales of Rs 3689.72 Crore Company has reported net profit after tax of Rs 1001.37 Crore in latest quarter. The company’s top management includes 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.Satish Chand Mathur, Mr.Shamsher Singh Ahlawat, Mr.Subhash Sheoratan Mundra, Mrs.Manjari Ashok Kacker. Company has S R Batliboi & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 427,574,091 shares outstanding.

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