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Adverse news pummels Indiabulls Housing Finance stock. Will the bulls return soon?

The Delhi HC is seeking a probe into the charges of giving dubious loans and misappropriation of funds.
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pravin
9 Oct 2019 7 Mins Read 3 comments
Gagan Banga, CEO and managing director, Indiabulls Housing Finance Getty Images
Gagan Banga, CEO and managing director, Indiabulls Housing Finance
The market capitalisation of HDFC is INR3.4 lakh crore as compared to INR10,000 crore for Indiabulls Housing Finance (IBHF). But IBHF also has some of the best profitability ratios for a housing finance company. It has a high return on assets at 3.09% as compared to 2.86% for HDFC. IBHF’s return on equity is 27% versus 16% for HDFC and
runner who falls and gets knocked out for a year. If the same marathon runner gets up quickly and finishes the race, you knew that the fall was not really a concern. Investors need to watch if the stock can recover in the near term. Otherwise, they should prepare for a long haul. ( Graphics by Abdul Shafiq)
The market capitalisation of HDFC is INR3.4 lakh crore as compared to INR10,000 crore for Indiabulls Housing Finance (IBHF). But IBHF also has some of the best profitability ratios for a housing finance company. It has a high return on assets at 3.09% as compared to 2.86% for HDFC. IBHF’s return on equity is 27% versus 16% for HDFC and runner who falls and gets knocked out for a year. If the same marathon runner gets up quickly and finishes the race, you knew that the fall was not really a concern. Investors need to watch if the stock can recover in the near term. Otherwise, they should prepare for a long haul. ( Graphics by Abdul Shafiq)

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