Shares of Indiabulls Housing Finance gained over Three per cent on Monday after the corporate declared its monetary outcomes for the quarter ended June 2020 (Q1FY21).
At 10:24 AM, the inventory was buying and selling practically 1.5 per cent greater at Rs 206.10 on the BSE. It hit a excessive of Rs 209.75 within the early commerce. In comparability, the S&P BSE Sensex was buying and selling over 0.5 per cent greater at 38,636.55 ranges.
For the quarter below evaluate, Indiabulls Housing Finance reported a 65.9 per cent fall in its consolidated web revenue at Rs 272.84 crore towards Rs 801.53 crore revenue in June 2019 quarter.
Total income from operations stood at Rs 2,574.59 crore, down 33.7 per cent towards Rs 3,884.99 crore within the year-ago interval.
Basic earnings per share (EPS) got here in at Rs 6.51 towards Rs 18.75 within the corresponding quarter of the earlier fiscal.
Earlier this month, the corporate named S S Mundra, former deputy governor of Reserve Bank of India and an impartial director on the board because the non-executive chairman after Sameer Gehlaut stepped down from the publish with fast impact. READ MORE
Other Indiabulls Group stocks had been additionally buying and selling within the inexperienced. For occasion, Indiabulls Ventures was up over 9 per cent at Rs 197 whereas Indiabulls Integrated Services was frozen at 5 per cent higher circuit band at Rs 48.40. Indiabulls Real Estate, on the other hand, was buying and selling flat at Rs 70.60, up 0.14 per cent.