Indiabulls Housing Finance stock downs for fifth straight session

Indiabulls Housing Finance Ltd registers 3.82% decline at Rs 501.5. In the last one year, the stock tumbled 60.63% as compared to a 5.27% slide in NIFTY and a 6.67% spurt in the Nifty Financial Services index.

Indiabulls Housing Finance Ltd shares have fallen for a fifth straight session. The benchmark NIFTY was down around 0.4%, quoting at 10972.65. The Sensex was at 37162.2, down 0.44%.

Indiabulls Housing Finance Ltd has eased around 23.54% in last one month. Meanwhile, Nifty Financial Services index of which Indiabulls Housing Finance Ltd is a constituent, has eased around 3.84% in last one month, and recently quoted at 12450.4, down 0.39%. The volume in the stock stood at 110.91 lakh shares, compared to the daily average of 223.28 lakh shares in last one month.