Indiabulls Housing Finance falls nearly 5% after Q4 profit drops

Sammaan Capital

23/05/2023 08:43

** Shares of Indiabulls Housing Finance Ltd  INBF.NS  fall
as much as 4.89% to 108.05 rupees after its Q4 profit falls
    ** Co on Monday reported 14.4% YoY fall in Q4 consolidated
net profit and 5.2% YoY drop in total rev from ops  urn:newsml:reuters.com:*:nFWN37J1E5
    ** Share price below 100-day, 200-day simple moving averages
but above 50-day SMAs
    ** Stock's moving average convergence divergence (MACD) line
below the signal line since May 18, indicating a bearish bias
    ** More than 5.9 mln shares change hands by 12:59 p.m. IST
vs 30-day avg of 7.9 mln shares
    ** Out of the two analysts covering the stock, one has a
"buy" rating while the other has "sell"; median PT is 90 rupees
- Refinitiv data
    ** Stock down ~26.6% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))