Buy Indiabulls Housing Finance, price target Rs 261: IIFL Securities

IIFL Securities has a buy call on Indiabulls Housing Finance with a target price of Rs 261. The current price of Indiabulls Housing Finance is Rs 248.2. IIFL Securities recommends to keep a stoploss at Rs 235.

Indiabulls Housing Finance, incorporated in the year 2005, is a mid cap company with a market cap of Rs 11396.90 crore, operating in NBFC sector.

Indiabulls Housing Finance key products/revenue segments include interest, dividend, income from financial services and fees & commission income for the year ending 31-Mar-2020.


Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 2,514.70 crore, down 2.57 per cent from last quarter's total income of Rs 2,581 crore and down 25.37 per cent from last year same quarter's total income of Rs 3,369.76 crore. Company has reported net profit after tax of Rs 329.32 crore in latest quarter.