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| Name of Company | Indiabulls Securities Ltd |
| BSE Code | 532960 |
| NSE Code | IBSEC |
| ICICI Code | |
| Established | |
| My Take | Like |
| Headquarters | |
| Promoters | |
| Story | One of the well known names in securities trading and brokerage. |
| Sector | NBFC |
| Sub-sector | Securities |
| Website | |
| Positives | Very near its 52 week low of 26.20. Currently quotes at 11.58 times FY10 earnings. We cannot be sure if dividend will be regular when the SENSEX trades down for long periods. |
| Negatives | As markets may trade low for a few years, we cannot expect growth for now. Could go to 2008 lows of 17, viz a 25% loss from current levels. Promoters hold <30% of stake in the company. Edelweiss is trading at very high PE multiple compared to Indiabulls bcos of 1200 Cr reserves. Not sure why revenues have come down by half from FY08. |
| Peers | Religare, Edelweiss, BLB, India Infoline |
| News | |
| Price @ blogged | 26.85 (17-Jun-10) |
Jun 17, 2010
Indiabulls Securities Ltd - 532960
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