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Indiabulls Housing Finance Ltd tumbles more than 6%

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Indiabulls Housing Finance Ltd is quoting at Rs 393.5, down 6.14% on the day as on 13:19 IST on the NSE. The stock tumbled 62.95% in last one year as compared to a 3.87% slide in NIFTY and a 10.65% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 393.5, down 6.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.19% on the day, quoting at 10711.6. The Sensex is at 36138.58, down 1.16%.Indiabulls Housing Finance Ltd has lost around 24.53% in last one month.Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has eased around 3.5% in last one month and is currently quoting at 12116.2, down 0.84% on the day. The volume in the stock stood at 119.8 lakh shares today, compared to the daily average of 211.95 lakh shares in last one month.

 

The benchmark September futures contract for the stock is quoting at Rs 371.6, down 6.82% on the day. Indiabulls Housing Finance Ltd tumbled 62.95% in last one year as compared to a 3.87% slide in NIFTY and a 10.65% spurt in the Nifty Financial Services index.

The PE of the stock is 5.37 based on TTM earnings ending June 19.

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First Published: Sep 19 2019 | 1:35 PM IST

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