Indiabulls Housing Finance share price: Buy Indiabulls Housing Finance, target price Rs 250: IIFL

IIFL has purchase name on with a goal worth of Rs 250. The present market worth of Indiabulls Housing Finance Ltd. is Rs 231.5.

Indiabulls Housing Finance Ltd., integrated within the yr 2005, is a Mid Cap firm (having a market cap of Rs 10687.19 Crore) working in NBFC sector.

For the quarter ended 30-09-2020, the corporate reported a Consolidated gross sales of Rs 2533.66 Crore, down 1.59 % from final quarter Gross sales of Rs 2574.59 Crore and down 25.91 % from final yr similar quarter Gross sales of Rs 3419.54 Crore. Firm reported web revenue after tax of Rs 323.20 Crore in newest quarter.

Funding Rationale
Inventory is on the verge of giving a consolidation breakout.

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