Shares of Indiabulls Housing Finance gained % on Thursday on plans to borrow Rs26,000cr in FY19 after raising Rs17,300cr in FY18 to meet profit target. Reacting to this, shares of the company gained 2% on Thursday.
"To deliver 17-19% profit after tax (PAT) growth in the current financial year, the company plans to raise a net total of Rs26,000cr in the four quarters of the current financial year," the company said in a press note after markets hours to the exchanges on Wednesday.
"To deliver 17-19% profit after tax (PAT) growth in the current financial year, the company plans to raise a net total of Rs26,000cr in the four quarters of the current financial year," the company said in a press note after markets hours to the exchanges on Wednesday.
Indiabulls Housing Finance Ltd's share price is currently at Rs890, up by Rs20.3 or 2.33%, from its previous close of Rs869.70 on the BSE.
The scrip opened at Rs880 and has touched a high and low of Rs904 and Rs872.65, respectively. So far, 79,29,616 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs37,171.27cr.
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