Indiabulls Group shares gain; Indiabulls Housing Finance up 13%

Shares of Indiabulls Housing Finance climbed 13%, and among top gainers on the Nifty Financial services index.

Feb 20, 2020 07:02 IST India Infoline News Service

Indiabulls Housing
Shares of Indiabulls Group extended its rally in today’s trade after media reports said that the government found no irregularity in the deals entered by Indiabulls Group.

Reacting to this news, shares of Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Real Estate zoomed on the NSE.

“Corporate affairs ministry hasn’t found any significant financial irregularities in the operations of Indiabulls,” the media reports added.

Shares of Indiabulls Housing Finance climbed 13%, among top gainer on the Nifty Financial services.

Meanwhile, the Sensex down 28 points at 41,294 and the Nifty is also down mere 6 points at 12,119. 

Stock view:
Indiabulls Real Estate Ltd is currently trading at Rs89.55 up by Rs2.2 or 2.52% from its previous closing of Rs87.35 on the BSE.

Indiabulls Housing Finance Ltd is currently trading at Rs343.45 up by Rs38.15 or 12.5% from its previous closing of Rs305.30 on the BSE.

Indiabulls Ventures Ltd is currently trading at Rs212.20 up by Rs11.3 or 5.62% from its previous closing of Rs200.90 on the BSE.

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