Indahbulls Housing Finance Stock prices jumped more than 11 percent in the afternoon session on November 26. Stocks have been on the radar after the Indian brick ranking revised the ‘stable’ prospect of ‘negative’.
Stock traded at Rs 252, up Rs 25.45, or 11.23 percent at 12:31 hours. It has touched the highest intraday rs 252.90 and low intraday RS 224.05.
It traded with a volume of 2,596,018 shares, compared with an average of five days from 1,271,943 shares, an increase of 104.10 percent.
In the submission of regulations, Finance Housing IndiaBull announces that the Credit Rating Agency has reaffirmed long-term rankings in ‘BWR AA +’. Housing finance company debt rating has also been stressed again on ‘BWR AA’.
Brickwork notes that the level of capitalization is comfortable, placing market positions, strong liquidity positions, minimal slippage and healthy collections have contributed to revised rankings for financial housing indiabulls.
However, foreign portfolio investors BNP Paribas Arbitrage and Societe Generale, however, collected 1.1 percent of equity shares in Finance Housing IndiaBull through open market transactions on November 25.
Arbitrage BNP Paribas sells 23,59,500 equity shares in India Finance housing at Rs 221.75 respectively and Societe Generale dismantled 27,40,400 shares of equity in each company at RS 221.34 in NSE, bulk offer data shows.
The Arbitration of BNP Paribas held 1.56 percent of the shares and Societe Generale had 1.27 percent in the housing indicator in September 2021.
Mortgage investors reported a 11 percent decline in its net profit at Rs 286 Crore in the quarter ended September 2021 due to a decrease in its loan book. Post-tax profit lenders reached Rs 323 Crore in the same quarter of the previous fiscal.
Deputy Managing Director of Ashwaini Kumar Hooda linked the fall of a profit to a 12 percent decline in the loan book in the second quarter of the financial year 2021-22, compared to last year’s period. It distributes retail loans of RS 325 Crore in September 2021 through its loan bond, the lender said in a statement.