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Indiabulls Financial Services tumbles after block deals

Capital Market/ 10:20 , Feb 08, 2013

Indiabulls Financial Services fell 5.26% to Rs 282.15 at 10:19 IST on BSE after about 1.45 crore shares changed hands in a series of block deals on the counter on BSE.

Meanwhile, the BSE Sensex was up 37.84 points, or 0.19%, to 19,618.16.

On BSE, 1.71 crore shares were traded in the counter as against an average daily volume of 5.55 lakh shares in the past one quarter.

The stock hit a high of Rs 294.70 and a low of Rs 277.75 so far during the day. The stock had hit a 52-week high of Rs 345.50 on 29 January 2013. The stock had hit a 52-week low of Rs 176.95 on 8 February 2012.

The stock had underperformed the market over the past one month till 7 February 2013, falling 9.81% compared with the Sensex's 0.56% fall. The scrip had, however, outperformed the market in past one quarter, rising 24.42% as against Sensex's 3.59% rise.

The mid-cap company has an equity capital of Rs 62.50 crore. Face value per share is Rs 2.

So far eight block deals took place on the counter on BSE. First block deal of 2.55 lakh shares was struck at Rs 281 at 9:25 IST. Second block deal of 60.72 lakh shares was struck at Rs 283.60 at 9:24 IST. Third block deal of 60.72 lakh shares was struck at Rs 283.55 at 9:24 IST. Fourth block deal of 14.26 lakh shares was struck at Rs 283.60 at 9:24 IST. Fifth block deal of 3.03 lakh shares was struck at Rs 284 at 9:24 IST. Sixth block deal of 1.44 lakh shares was struck at Rs 284 at 9:23 IST. Seventh block deal of 1.04 lakh shares was struck at Rs 285.10 at 9:23 IST. Eight block deal of 1.54 lakh shares was struck at Rs 285.60 at 9:23 IST.

Indiabulls Financial Services' consolidated net profit rose 30.8% to Rs 323.56 crore on 25.6% growth in total income to Rs 1220.59 crore in Q3 December 2012 over Q3 December 2011.

Indiabulls Financial Services is a non-banking financial company. It provides lending and other financial products, including home loans, loans against property, commercial vehicle loans, and commercial credit to prime corporates.

 



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