Buy IndiaBulls Housing Finance – Target price Rs. 1,010

Buy IndiaBulls Housing Finance – Target price Rs. 1,010

Ventura Securities recommended IndiaBulls Housing Finance on 27th December 2016 on the logic that the Company is:
– focusing on the affordable housing segment,
– growing its loan book using better technology,
– leveraging its financial strength and improving its ratings to increase competitiveness
– and diversifying its funding mix to reduce funding costs.
The stock has surged from Rs. 628 to the CMP of Rs. 795, putting gains of 25% on the table. The target price of Rs. 1,010 implies that more gains are due from the stock.

Motilal Oswal have also recommended IndiaBulls Housing on the logic that “IHFL is among the lowest-levered HFCs (4.6 times) to support growth. Asset quality trend is likely to remain stable, while its improved borrowing profile, better credit rating, and liquidity buffer should help maintain healthy spreads”.

Disclaimer

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