Indiabulls Housing Finance Ltd up by 7.33% - Traders Corners | Espresso


Espresso shot of the day – Indiabulls Housing Finance Ltd up by 7.33 percent

April 22, 2021
Espresso shot of the day – Indiabulls Housing Finance Ltd up by 7.33 percent

INDIABULLS HOUSING FINANCE LTD 177.20 (+7.33%) BSE – INE148I01020 | 22NDAPRIL 2021

Indiabulls Housing Finance Limited (IBHFL) is India’s third largest housing finance company, regulated by the National Housing Bank (NHB). IBHFL is rated ‘AA’ by leading rating agencies including CRISIL and ICRA. The company has a balance sheet size of Rs 0.96 trillion as on 30th September, 2020. The company has serviced more than 1 million happy customers and cumulatively disbursed loans of over Rs 2.77 trillion. It is has a strong nationwide presence and continues to reach out further with eHome Loans – India’s first completely online home loan fulfilment platform. IBHFL offers quick, convenient and competitively priced home loans in the affordable housing segment. The company’s primary goal is to ensure a superior home buying experience to its customers and to make housing finance more affordable and viable by contributing to the ecosystem that supports it.

Recent Drivers

  • On 22nd April 2021, Housing Development Finance Corporation and Indiabulls Housing Finance (Indiabulls HFL) have entered into a co-lending program. The loans under the program will be in the funding ratio of 80:20 (80% of the loan with HDFC and 20% Indiabulls HFL). Under the program, 20% of the credit risk by way of direct exposure shall be on the Indiabulls HFL's book till the time the loan is repaid and Indiabulls HFL will not assign its portion of the loan to any third party.
  • On 24th March 2021, Rating agency CRISIL has upgraded its outlook for Indiabulls Housing Finance Limited from “negative” to “stable”. It affirmed the company’s long-term credit rating of “AA” and short term of “A1 Plus”.
  • On 15th February 2021, Housing Finance Limited reported quarterly net profit of Rs 329.32 crores in December 2020.
  • On 15th February 2021, Indiabulls Housing Finance Limited reported net sales at Rs 2,513.25 crores in December 2020.
  • The company is looking to raise Rs 5,000 crores through the securitisation route in fourth quarter of the current financial year, it’s a process of pooling and repackaging of homogenous liquid financial assets into marketable securities that can be sold to investors.

(Sources: Business Standards, Moneycontrol, Economic Times)

Technical Force*

  • S&P BSE 100 month till date gain up by -1.85%
  • Touched upper circuit today 181.60
  • Spurt in volume by more than 2.64 times compares to previous vol. 3 months avg. Qty – 13,68,883
  • Quantity traded 26,61,413 Deliverable quantity 2,39,044 (8.98 %)
  • Stock price has jumped more than 70% from one year low level – 108, 22 Apr 2020
  • Daily RSI (14) is near central line
  • 52 -week high – 263.60 | 52- week low- 108

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Some Key Ratios (Source: BSE)

Market Cap: 8,192.82 crores

PE: 6.09

OPM%: -

ROE%: 8.79

Promoters holding : 21.70

Prev. Close: 165.10

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.