Indiabulls Housing Finance logo

IBULHSGFIN - Indiabulls Housing Finance News Story

₹186.8 7.0  3.9%

Last Trade - 11:26am

Mid Cap
Market Cap £812.8m
Enterprise Value £6.52bn
Revenue £991.3m
Position in Universe 322nd / 3108

BUZZ-Indian non-banking housing finance cos fall, top govt official raises liquidity concerns

Mon 5th November, 2018 7:59am
** Shares of Indiabulls Housing Finance Ltd  INBF.NS , Dewan
Housing Finance Corp Ltd  DWNH.NS  and PNB Housing Finance Ltd
 PNBH.NS  fall
    ** India's non-banking housing finance companies are facing
liquidity stress and they need to review their funding model for
sustainable growth, Corporate Affairs Secretary Injeti Srinivas
said on Monday*:nD8N1WW00V
    ** A string of defaults at an NBFC, Infrastructure Leasing
and Financial Service Ltd (IL&FS), have triggered sharp falls in
Indian stock and debt markets amid fears of contagion within the
rest of the country's financial sector
    ** Indiabulls Housing Finance, down as much as 8.1 pct, was
the top loser on the NSE index  .NSEI , which was 0.44 pct lower
as of 0749 GMT
    ** Dewan Housing Finance falls 12.2 pct, PNB Housing Finance
declines 5.1 pct, and LIC Housing Finance Ltd  LICH.NS  slips
3.3 pct

 ((Reuters Messaging:
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.