/ Indiabulls Housing Finance Tanks Over 3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 22 March 2017

Indiabulls Housing Finance share on Wednesday’s trade tanked 3.6% on intraday basis as the company announced that it has allotted its seventh tranche of redeemable, secured, NCDs of face value Rs 10 lakh each.

The NCDs (non-convertible debentures) amount to Rs 500 crore plus Greenshoe option of Rs 100 crore.

The stock on the NSE in a period of one year has delivered 41% returns and has underperformed the BSE Sensex and Nifty Financial Services indices over the same time period. The stock hit a intraday high of Rs 927.30 and a intraday low of Rs 897.75 on Wednesday's trading session.

Indiabulls Housing Finance is a subsidiary of Indiabulls Financial Services Limited (IBFSL) which is an India-based non-banking financial company (NBFC). The company provides lending and other financial products which also include home loans, loans against property, commercial vehicle loans and commercial credit.

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