Buy Indiabulls Housing Finance, target Rs 909: SMC Research
Indiabulls Housing Finance is also focusing on improving its assets quality which would have a positive impact on the overall performance of the company. I
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| Updated: SMC Reaserch has suggested buy on Indiabulls Housing Finance at a target of Rs 909.
The company has a track record of delivering robust financial performance. Going forward, the company is likely to maintain the same momentum on the back of healthy loan growth expectation and expansion in net interest margin (NIM).
Indiabulls Housing Finance is also focusing on improving its assets quality which would have a positive impact on the overall performance of the company. It has maintained the guidance of 20%-25% growth across key parameters for FY2017 and proposes to reduce the cost-to-income ratio by 70 bps in FY17 and further by 70 bps in FY18.
The company has a track record of delivering robust financial performance. Going forward, the company is likely to maintain the same momentum on the back of healthy loan growth expectation and expansion in net interest margin (NIM).
Indiabulls Housing Finance is also focusing on improving its assets quality which would have a positive impact on the overall performance of the company. It has maintained the guidance of 20%-25% growth across key parameters for FY2017 and proposes to reduce the cost-to-income ratio by 70 bps in FY17 and further by 70 bps in FY18.
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