Moneycontrol
Last Updated : Jan 23, 2018 03:55 PM IST | Source: CNBC-TV18

Hold Indiabulls Housing Finance: Mayuresh Joshi

Mayuresh Joshi of Angel Broking is of the view that one may hold Indiabulls Housing Finance with long term view.

CNBC TV18 @moneycontrolcom

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Indiabulls Housing Finance's numbers are around the corner, but strong growth has been exhibited in terms of both AUM and the kind of spreads that they have been reporting. The interesting aspect here would be the incremental spread commentary from the management."

"They did indicate at the end of last quarter that incremental spreads can be in the range of 2.75-3 percent odd. However, AUM growth should be extremely strong on year-on-year (YoY) as well as on quarter-on-quarter (QoQ) basis."

"There should be stability in spreads happening and again in terms of asset quality as well there should be stable numbers reported both on the GNPA and net NPA. My own sense is that GNPAs should be below 1 percent odd which has been the trend even in second quarter. So, largely again AUM growth trend, the RERA impact, the incremental spreads is something to watch out for, but from long term perspective, the investors can hold on to it," he added.
First Published on Jan 23, 2018 03:53 pm
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