Indiabulls Housing Finance is ready for a big reversal soon gonna cross all-time high of 1440.
Reasons: 1. The Company is shifting its Lending mix of retail and wholesale to a complete retail model. 2. The Company has degrown its book since last 2 years and the process is now reaching its final stage. 3. The Company is now ready for a big growth cycle. 4. The Company is partnering with companies like HDFC, RBL, Central Bank Of India, and many more to make a co-lending asset lite model. 5. Housing Finance in general is a less risky business because the asset worth most of the time is more than the loan provided because of which less NPA and Gross NPA. 6 And the most Important Point the real estate cycle has turned and in general, there is a big demand for housing in India.
UNLESS Indiabulls Housing Finance DOES SOME FRAUD IT IS GOING TO GO BIG.