Buy Indiabulls Housing Finance, target Rs 240: CK Narayan

INSUBCONTINENT EXCLUSIVE:
CK Narayan of Chart Advise has a buy call on Indiabulls Housing Finance Ltd
with a target price of Rs 240
The current market price of Indiabulls Housing Finance Ltd
is Rs 237.55 CK Narayan recommended to keep stoploss at Rs 225
Indiabulls Housing Finance Ltd., incorporated in 2005, has a market cap of Rs 9904.75 crore. Indiabulls Housing Finance Ltd
key Products/Revenue Segments include Interest which contributed Rs 13538.10 Crore to Sales Value (87.86 % of Total Sales), Income From Sale
Of Share - Securities which contributed Rs 616.78 Crore to Sales Value (4.00 % of Total Sales), Income From Financial Services which
contributed Rs 609.13 Crore to Sales Value (3.95 % of Total Sales), Dividend which contributed Rs 385.12 Crore to Sales Value (2.49 % of
Total Sales), Other Operating Revenue which contributed Rs 162.94 Crore to Sales Value (1.05 % of Total Sales), Fees - Other Charges which
contributed Rs 62.64 Crore to Sales Value (0.40 % of Total Sales) and Commission which contributed Rs 32.64 Crore to Sales Value (0.21 % of
Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3419.54 Crore, down -11.98 % from last quarter Sales
of Rs 3884.99 Crore and down -14.09 % from last year same quarter Sales of Rs 3980.39 Crore Company has reported net profit after tax of Rs
702.18 Crore in latest quarter
Mr.Prem Prakash Mirdha, Mr.Sachin Chaudhary, Mr.Sameer Gehlaut, Mr.Satish Chand Mathur, Mr.Shamsher Singh Ahlawat, Mr.Subhash Sheoratan
Mundra
Company has S R Batliboi - Co
LLP as its auditors
As on 30-09-2019, the company has a total of 427,574,091 shares outstanding.