The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited to "ICRA AA" [Outlook: Negative]. The short-term rating has been reaffirmed at "ICRA A1+". ICRA noted the following in reaffirming the ratings:
- Strong liquidity position and established track record in domestic mortgage finance industry
- Adequate capitalisation levels: Total Capital Adequacy ratio at 29.0% as on December 31, 2019
- Comfortable asset quality in retail loan portfolio
Indiabulls Housing Finance has withdrawn its petition against ICRA from the Delhi High Court.
Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.96.7 as compared to the previous close of Rs. 99.35. The total number of shares traded during the day was 969566 in over 8369 trades.
The stock hit an intraday high of Rs. 99.35 and intraday low of 93.55. The net turnover during the day was Rs. 92848047.