Share price of Indiabulls Housing Finance Ltd. falls as Sensex drops 404.0 points

Share price of Indiabulls Housing Finance Ltd. dropped 2.38 per cent to Rs 194.95 at 02:08PM (IST) in Friday's trade. The counter hit a high of Rs 197.0 and low of Rs 190.6 so far during the session. The stock had closed at Rs 199.7 in the previous session.

The counter had a total traded volume of 02:08PM shares so far with a turnover of Rs 9.16 crore on BSE. The stock traded at a price-to-earnings multiple of 4.99 and a price-to-book ratio of 0.53.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indiabulls Housing Finance Ltd. belongs to the NBFC - Housing industry.

Promotor/FII Holding
Promoters held 23.43 per cent stake in the company as of 30-Jun-2020, while foreign investors and domestic institutional investors ownership stood at 38.28 per cent and 0.17 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 2574.59 crore for the quarter ended 30-Jun-2020, down 12.73 per cent from the previous quarter's Rs 2950.04 crore and down 33.73 per cent from the year-ago quarter's Rs 3884.99 crore.

Its profit for the latest quarter stood at Rs 272.84 crore, down 65.96 per cent from the same quarter a year ago.