Indiabulls Housing Finance stock gains over 80 in 8weeks – what’s the story

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=bAl0o29GQms

[11:00 AM, 6/14/2021] Samridhi Tiwari: Indiabulls Housing Finance stock has gained nearly 86% in the past 8 weeks and trades at over one year high. Last week Black Rock Emerging Market fund and Kotak Securities have bought into the stock. Poonam Saney brings more details on this stock which trades at nearly 0.7x price to book value for FY22e... • • After facing challenging two years and a board overhaul, Indiabulls Housing Finance has strengthened its balance sheet and adopted strategy of caution. In FY21 the housing finance company has raised about Rs 3770cr post which it has high capital adequacy ratio at nearly 31% and low gearing of 3.4x. The average vintage of the retail loan book is now nearly 4 years and they are ramping up retail disbursements via co-lending partnerships with HDFC ltd and other banks, while simultaneously reducing wholesale book. Spreads have been stable and FY21 saw a fairly resilient asset quality with FY21 credit cost at 1.1% of loan assets and total provisions at 3.7% of loan assets. The board has resumed dividend distribution with Q4 dividend of Rs 9 per share and credit rating outlook has been revised after 2 years. • Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 • Subscribe Now To Our Network Channels :- • Times Now : http://goo.gl/U9ibPb • The NewsHour Debate : http://goo.gl/LfNgFF • To Stay Updated Download the Times Now App :- • Android Google Play : https://goo.gl/zJhWjC • Apple App Store : https://goo.gl/d7QBQZ • Social Media Links :- • Twitter - http://goo.gl/hA0vDt • Facebook - http://goo.gl/5Lr4mC • G+ - http://goo.gl/hYxrmj • Website - www.etnownews.com

#############################

New on site