Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

Indiabulls Housing Fin Shares Surge 6 Percent on Crisil Ratings

Indiabulls Housing Finance (IBHFL) stock gained 5.44 per cent to trade at Rs 182.30 on the BSE. On similar lines, the scrip was trading up 5.95 per cent at Rs 183.35 on the NSE.

PTI

Updated:October 17, 2019, 12:36 PM IST
facebookTwitter Pocket whatsapp
Indiabulls Housing Fin Shares Surge 6 Percent on Crisil Ratings
Image for representation.

New Delhi: Shares of Indiabulls Housing Finance rallied nearly 6 per cent on Thursday after rating agency Crisil said the company has aggregate liquidity to cover its debt repayment obligations till September 2020.

Indiabulls Housing Finance (IBHFL) stock gained 5.44 per cent to trade at Rs 182.30 on the BSE. On similar lines, the scrip was trading up 5.95 per cent at Rs 183.35 on the NSE.

Crisil noted that IBHFL continues to maintain strong liquidity with cash and cash equivalents at around 20 per cent of total assets as on October 10, 2019. It has aggregate liquidity of more than Rs 18,500 crore as on October 10, 2019, which provides around 100 per cent cover over the company's debt repayments till September 2020, Indiabulls Housing Finance said in a late evening BSE filing on Wednesday.

"The rating committee of CRISIL has reaffirmed the long-term rating of

Indiabulls Housing Finance Limited at CRISIL AA+. Short-term rating has been reaffirmed at CRISIL A1+," IBHFL said in the filing.

There seems to be signs of improvement in the first fortnight of October 2019 with IBHFL having received sanctions to raise Rs 5,200 crore via term loans, working capital lines, commercial papers and securitization lines, it added.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
SBI 321.90 5.20
Bharti Airtel 393.05 8.43
ICICI Bank 499.85 0.24
Reliance 1,470.85 0.55
Yes Bank 68.70 -0.07
Company Price Change %Gain
Cipla 463.10 2.57
SBI 322.00 5.19
Bharti Airtel 393.20 8.42
Eris Life 410.15 -0.19
Yes Bank 68.70 -0.07
Top Gainers
Company Price Change %Gain
Bharti Infratel 227.15 8.87
Bharti Airtel 393.05 8.43
SBI 321.90 5.20
Grasim 755.15 2.89
Cipla 463.25 2.63
Company Price Change %Gain
Bharti Airtel 393.20 8.42
SBI 322.00 5.19
Kotak Mahindra 1,623.00 1.60
Sun Pharma 414.90 1.18
Tata Motors 168.60 0.96
Top Losers
Company Price Change %Gain
IOC 131.70 -3.76
Hero Motocorp 2,543.20 -1.87
BPCL 506.55 -1.57
Maruti Suzuki 7,147.20 -1.38
Vedanta 142.10 -1.32
Company Price Change %Gain
Hero Motocorp 2,542.85 -1.85
Maruti Suzuki 7,147.00 -1.38
ITC 250.65 -1.30
Vedanta 142.10 -1.29
NTPC 117.20 -1.14

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results