Buy Indiabulls Housing Finance Ltd., target Rs 1000.0 : Bank of America

Bank of America has Buy call on Indiabulls Housing Finance Ltd. with a target price of Rs 1000.0. The current market price of Indiabulls Housing Finance Ltd. is 828.95. Time period given by analyst is year, when Indiabulls Housing Finance Ltd. price can reach defined target. Indiabulls Housing Finance has improved its balance sheet through maintaining adequate liquid ity and high NPL coverage. Bank of America says given low market share in home loans, IHFL can continue to grow its volume above market average for 3 years