Indiabulls Housing Finance rose 1.6% to Rs 1,022.70 at 10:11 IST on BSE after consolidated net profit rose 24.4% to Rs 840.53 crore on 21.8% rise in total income to Rs 3224.86 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 24 April 2017.Meanwhile, the S&P BSE Sensex was up 156.84 points or 0.53% at 29,812.68.
On the BSE, 67,000 shares were traded on the counter so far as against the average daily volumes of 10.80 lakh shares in the past one quarter. The stock had hit a high of Rs 1,042.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,016.25 so far during the day. The stock had hit a 52-week low of Rs 616.05 on 27 December 2016.
Indiabulls Housing Finance's board declared interim dividend of Rs 9 per share for the year ended March 2017 (FY 2017).
The board has also authorised the company to issue secured non-convertible debentures and unsecured, redeemable, non-convertible subordinate debt in the nature of debentures (NCDs) upto Rs 25000 crore and Rs 2000 crore respectively, on private placement basis, in one or more tranches, from time to time.
Indiabulls Housing Finance is a housing finance company.
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