Housing finance major HDFC gained 2.5 percent on October 9. The stocks has already rallied 9 percent in last few days
The share touched its 52-week high Rs 376.80 and 52-week low Rs 81.25 on 29 November, 2019 and 20 March, 2020, respectively.
With the latest stake sale, Indiabulls Housing Finance has raised a total of Rs 1,832 crore as fresh equity in the month of September
Indiabulls Housing Finance share price jumped after Indiabulls Housing Finance Limited-Employees Welfare Trust bought 27 lakh shares in company at Rs 156.95 per share on NSE.
Kuwait Investment Authority Fund 225 also bought another 5,78,504 shares in Route Mobile at Rs 697.25 per share.
The QIP launch follows the trend of many banks and NBFCs hitting the market to raise funds to soften the hit of potential bad loans triggered by the COVID-19 pandemic
Arkaig Acquisition (FPI) bought 12,23,810 equity shares (representing 1.85 percent of its total paid-up equity) in Shriram City Union Finance at Rs 965 per share
Majority of the oscillators are in overbought zone and sideways movement to cool off cannot be ruled out.
Total income fell 33.7 percent to Rs 2,578 crore during April-June of 2020-21 as against Rs 3,386 crore in the same period of 2019-20, Indiabulls Housing Finance Ltd (IBHFL) said in a regulatory filing.
The non-banking finance company had posted a net profit of Rs 1,006 crore during the corresponding January-March period of the preceding fiscal.
The ransomware operator leaked some of the data owned by Indiabulls Housing Finance Ltd by way of a screenshot, Cyble said in a blog on Tuesday.
The stock surged over 160 percent in the last 3 months
Indiabulls Housing Finance was the stock of the day as it witnessed a lot of open market transactions through which FPIs picked up around 2 percent equity
The Delhi High Court has granted Indiabulls the liberty to seek protection against the Reserve Bank of India's moratorium circular.
Earlier this month, the court had granted protection to the company from any coercive action in the event that it failed to make repayments to its debenture holders.
The issue opens on April 29, 2020, it said, adding the tenor of the bonds is of three years.
"As is the company's practice, due monies were pre-funded in our repayment account," Indiabulls Housing Finance said.
The Reserve Bank of India had imposed a moratorium on the private sector lender last month and announced a scheme of reconstruction for the bank. Under the scheme, the RBI said the additional tier 1 bonds would have to be written down permanently. The moratorium on the bank was lifted on March 18.
The downgrade and negative outlook reflect our expectation that Indiabulls' access to funding will remain challenging for longer than expected, said Moody's
On March 5, the Reserve Bank of India superseded Yes Bank's board, appointing former State Bank of India CFO Prashant Kumar as the bank administrator.