Indiabulls Housing Finance Ltd, incorporated in 2005, is registered with and regulated by National Housing Bank (NHB) and is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction finance.
Stock is trading at 0.45 times its book value
after 2020 crisis its doing ok with decent year on year profit growth
ITS HAS FORMED CUP WITH HANDLE PATERN WITH RECENT BREAKOUT.
BASED ON THIS WE HAVE PREDICTED ITS NEW MEDIUM TERM TARGET.
CURRENTLY ITS TRADING ON PRICE OF 159
EXPECTED TO GIVE RETURN OF MIN 35%
TARGET1- 218
TARGET2-243
Stock is trading at 0.45 times its book value
after 2020 crisis its doing ok with decent year on year profit growth
ITS HAS FORMED CUP WITH HANDLE PATERN WITH RECENT BREAKOUT.
BASED ON THIS WE HAVE PREDICTED ITS NEW MEDIUM TERM TARGET.
CURRENTLY ITS TRADING ON PRICE OF 159
EXPECTED TO GIVE RETURN OF MIN 35%
TARGET1- 218
TARGET2-243