Indiabulls Hsg Fin's target Rs 190: IIFL Securities's Top Stock to Buy Today

Indiabulls Housing Finance received a "buy" rating from IIFL Securities with a target price of Rs 190, indicating an upside of around 4.7% from the current market price of Rs 181.39 on June 20. The brokerage believes that the company's strong fundamentals, including its healthy asset quality, robust growth in loan book, and improving margins, make it an attractive investment opportunity. Indiabulls Housing Finance is one of the leading housing finance companies in India, offering a range of home loan products and other financial services.

About Indiabulls Hsg Fin:

Indiabulls Housing Finance Limited (IBHFL) is a leading housing finance company in India, listed on the National Stock Exchange (NSE) and BSE. It offers a range of housing loans, including home loans, balance transfer loans, and loan against property. IBHFL has a strong presence across India with over 100 branches and a wide distribution network. The company has consistently delivered strong financial performance and has a track record of innovation and customer-centricity. It is recognized as one of the top housing finance companies in India and is trusted by a large number of customers.

52 Week Price Trend:

Indiabulls Housing Finance (IBULHSGFIN) is considered undervalued at its current market price (CMP) of Rs 181.39, as it trades significantly below its 52-week high of Rs 209.43. Compared to its low of Rs 81.82 during the same period, the stock has witnessed a substantial recovery. IBULHSGFIN's attractive valuation and promising financials make it an appealing investment opportunity for long-term investors seeking value and growth potential in the housing finance sector.

Stratzy's MOST Analysis:

IBULHSGFIN has been rated BB- by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on the company's assessment in terms of management, outlook, safety, and trend. The management score reflects the company's leadership and its ability to execute its strategies. The outlook score considers the industry prospects and the company's market position. The safety score assesses the company's financial stability and its ability to withstand market downturns. Finally, the trend score reflects the recent performance of the company and its potential for future growth.

Company's Fundamentals:

Indiabulls Hsg Fin (NSE: IBULHSGFIN) is a company listed on the National Stock Exchange (NSE) of India. Its stock is currently trading with a Price-to-Earnings (PE) ratio of 10.89, indicating that the company's share price is 10.89 times its annual earnings. The Price-to-Book (PB) ratio of 0.81 suggests that the company's market value is 81% of its total assets. Meanwhile, the Dividend Yield of 0.62% indicates that investors can expect to receive 0.62% of the company's current share price as annual dividends. These ratios provide insights into the company's valuation, earnings potential, and dividend payout policy.

Fundamental and Technical information provided in this blog were last updated on 20 Jun, 2024

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