Indiabulls Housing Finance's NII for Q1FY20 has declined by 12.7% qoq to Rs1,475cr against Rs1,690cr in Q1FY19. The housing finance company’s net profit was below consensus estimates, which has declined by 24% yoy to Rs802cr. Its GNPA for Q1FY20 stood at 1.47% and NNPA at 1.1%.
Indiabulls Housing Finance Ltd ended at Rs. 514.10, up by 37.5 points or 7.87% from its previous closing of Rs. 476.60 on the BSE.
The scrip opened at Rs. 475 and touched a high and low of Rs. 519.95 and Rs. 471 respectively. A total of 2,25,12,047 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.
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