Indiabulls Housing Finance share price added over 2 percent intraday on November 26. The stock has been on the radar after Brickwork Ratings India revised its outlook to ‘stable’ from ‘negative’.
In a regulatory filing, Indiabulls Housing Finance announced that the credit rating agency has reaffirmed its long-term rating at ‘BWR AA+’. The housing finance company’s perpetual debt rating has also been reaffirmed at ‘BWR AA’.
Foreign portfolio investors BNP Paribas Arbitrage and Societe Generale, however, offloaded a 1.1 percent equity stake in Indiabulls Housing Finance through open market transactions on November 25.
News Source:- Moneycontrol