IIFL has buy call on with a target price of Rs 250. The current market price of Indiabulls Housing Finance Ltd. is Rs 231.5.
Indiabulls Housing Finance Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10687.19 Crore) operating in NBFC sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2533.66 Crore, down 1.59 % from last quarter Sales of Rs 2574.59 Crore and down 25.91 % from last year same quarter Sales of Rs 3419.54 Crore. Company reported net profit after tax of Rs 323.20 Crore in latest quarter.
Stock is on the verge of giving a consolidation breakout.