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Indiabulls Housing Finance Ltd drops for fifth straight session

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Capital Market
Last Updated : Aug 21 2019 | 1:50 PM IST

Indiabulls Housing Finance Ltd is quoting at Rs 501.5, down 3.82% on the day as on 13:24 IST on the NSE. The stock tumbled 60.63% in last one year as compared to a 5.27% slide in NIFTY and a 6.67% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd fell for a fifth straight session today. The stock is quoting at Rs 501.5, down 3.82% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 10972.65. The Sensex is at 37162.2, down 0.44%.Indiabulls Housing Finance Ltd has eased around 23.54% in last one month.Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has eased around 3.84% in last one month and is currently quoting at 12450.4, down 0.39% on the day. The volume in the stock stood at 110.91 lakh shares today, compared to the daily average of 223.28 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 492.8, down 4.81% on the day. Indiabulls Housing Finance Ltd tumbled 60.63% in last one year as compared to a 5.27% slide in NIFTY and a 6.67% spurt in the Nifty Financial Services index.

The PE of the stock is 6.67 based on TTM earnings ending June 19.

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First Published: Aug 21 2019 | 1:35 PM IST

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