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Indiabulls Housing Finance Share Price: Indiabulls Housing Finance Gains Over 1% Post March Quarter Results

At 10:30 am, Indiabulls Housing Finance shares were trading higher by 1.6 per cent on BSE Indiabulls Housing Finance shares gained more than 1 per cent in a subdued market after the mortgage financier posted a 2-fold jump in March quarter net profit. Indiabulls Housing Finance reported a profit after tax at Rs 276 crore in the quarter ended March 2021 as against Rs 137 crore in the corresponding quarter last year. At 10:30 am, the shares of Indiabulls Housing Finance were trading at Rs 196.45, higher by 1.6 per cent, on the BSE. Indiabulls Housing Financer s net non-performing assets (NPAs) during the quarter were stable at 1.59 per cent and provisions to loan book stood at 3.7 per cent.

Indiabulls Housing Finance: Gagan Banga is bullish on real estate sales in Q2

The consumer trend through quarter four was very encouraging. Sales for real estate projects were at lifetime highs, so were collections, which means that the consumer is out there willing to buy a house, willing to make that commitment, says the VC & MD of Indiabulls Housing.

Indiabulls Housing Finance: Real estate sales likely to be robust in Q2: Gagan Banga, Indiabulls Housing

Indiabulls Housing Finance is looking at, he added. Edited excerpts: The NII number has declined for IB Housing. What has led to the growth in profits and declines in NII? Do you think that provisions are sufficient to give any slight increase as far as gross NPAs are concerned in the coming future? The strategy that the company adopted last year was one of safety and caution. There were essentially two parts to our strategy last year. One was to concentrate on strengthening the balance sheet to make it even more potent. As we did that, we worked on raising capital. We raised almost Rs 3,800 crore of capital between QIP, some stake sale and convertible bonds. We also continue to use the profitability that we derive through the year to create large provisions as the business pans out. We have provided about 3.7% to the loan book, which adds up to almost three times of what is required under regulatory provisions.

Ahead of Market: 12 things that will decide stock action on Friday

Ahead of Market: 12 things that will decide stock action on Friday SECTIONS Last Updated: May 20, 2021, 10:20 PM IST Share Synopsis Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Getty Images Related NSE By Sabari Saran New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart. Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term?

Axis Bank share price: Stocks in the news: Infosys, Bosch, HPCL, Axis Bank, Indiabulls Housing, Tanla Platforms and Coforge

Axis Bank share price: Stocks in the news: Infosys, Bosch, HPCL, Axis Bank, Indiabulls Housing, Tanla Platforms and Coforge
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