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As on Oct 24, 2017 12:00 AM Your results on : Hot Pursuit    
Indiabulls Housing Finance gains after good Q2 earnings
24-Oct-2017 (09:15)
The result was announced after market hours yesterday, 23 October 2017.

Meanwhile, the S&P BSE Sensex was up 81.74 points, or 0.25% to 32,588.46.

On the BSE, 12,000 shares were traded in the counter so far, compared with average daily volumes of 1.09 lakh shares in the past one quarter. The stock had hit a high of Rs 1,368.90 and a low of Rs 1,350.35 so far during the day. The stock hit a record high of Rs 1,374.95 on 23 October 2017. The stock hit a 52-week low of Rs 616.05 on 27 December 2016.

The stock had outperformed the market over the past one month till 23 October 2017, rising 8.07% compared with 1.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.03% as against Sensex's 0.86% rise. The scrip had also outperformed the market in past one year, rising 54% as against Sensex's 15.36% rise.

The large-cap company has equity capital of Rs 84.88 crore. Face value per share is Rs 2.

Indiabulls Housing Finance's (IBHFL)'s board approved the proposal of issuing secured and unsecured non-convertible debentures (NCDs), upto Rs 25000 crore and Rs 3000 crore respectively, on private placement basis. The board has also approved raising funds by way of issue of secured/unsecured, rupee denominated overseas bonds/foreign currency denominated bonds, upto the maximum amount, as permissible under the applicable regulations.

IBHFL's board declared an interim dividend of Rs 9 per share for FY 2018.

Indiabulls Housing Finance is India's 2nd largest housing finance company. It provides home loans in the affordable housing segment.

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