Indiabulls Financial Services plunges despite posting good numbers

Indiabulls Financial Services is currently trading at Rs. 240.30, down by 9.45 points or 3.78% from its previous closing of Rs. 249.75 on the BSE.

The scrip opened at Rs. 250.65 and has touched a high and low of Rs. 254.00 and Rs. 238.00 respectively. So far 350261 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 257.00 on 19-Jul-2012 and a 52 week low of Rs. 116.80 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs. 257.00 and Rs. 242.30 respectively. The current market cap of the company is Rs. 7612.53 crore.

The promoters holding in the company stood at 37.01% while Institutions and Non-Institutions held 40.59% and 21.31% respectively.  

 Indiabulls Financial Services has registered a rise of 7.14% in its net profit at Rs 188.12 crore for the quarter under review as compared to Rs 175.59 crore for the same quarter in the previous year. The total income of the company has increased by 6.61% at Rs 753.64 crore for Q1FY13 as compared Rs 706.94 crore for the corresponding quarter previous year.

On the consolidated basis, the group’s net profit from ordinary activities after tax, share of profit of associate and minority interest rose by 20.77% to Rs 265.12 crore for the Q1FY13 as compared to Rs 219.52 crore in Q1 FY12. The total income too surged by 25.75% to Rs 1056.44 crore in the quarter under review as compared to Rs 840.14 crore in the corresponding previous quarter.