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Indiabulls Housing Finance Ltd drops for fifth straight session

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The stock is quoting at Rs 744.1, down 2.88% on the day as on 13:19 IST on the NSE. Indiabulls Housing Finance Ltd tumbled 37.97% in last one year as compared to a 4.03% rally in NIFTY and a 6.22% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd fell for a fifth straight session today. The stock is quoting at 744.1, down 2.88% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 10713.6. The Sensex is at 35610.1, up 0.43%.Indiabulls Housing Finance Ltd has gained around 4.34% in last one month.Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has increased around 7.68% in last one month and is currently quoting at 11140.05, down 0.09% on the day. The volume in the stock stood at 47.92 lakh shares today, compared to the daily average of 91.9 lakh shares in last one month.

 

The benchmark November futures contract for the stock is quoting at Rs 747.9, down 2.55% on the day. Indiabulls Housing Finance Ltd tumbled 37.97% in last one year as compared to a 4.03% rally in NIFTY and a 6.22% spurt in the Nifty Financial Services index.

The PE of the stock is 8.3 based on TTM earnings ending September 18.

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First Published: Nov 19 2018 | 1:35 PM IST

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