Indiabulls Financial Services shares down 13 points


Indiabulls Financial Services shares down 13 points
Bangalore: Following the flat day in the office, Indiabulls Financial Services ended today amongst top losers of the day with a loss of 16.55 (13.13 percent). The company had opened its stock in the morning at slight lower points to its previous close of 126, but as the day progressed, investors lost their faith on the stock. Overall 871,425 shares were traded throughout the day. The 52 week stock price chart is on the left. Indiabulls Financial Services Limited (IBFSL) is an India-based financial services company. The Company, along with its subsidiaries, is engaged in the business of investing and finance-related activities (investing in various subsidiaries, financing of loans and credit activities). Its financing activities include offering of various lending products, such as individual home mortgages and other housing loans; secured and unsecured commercial loans to small and medium-sized enterprise (SME); loans against shares; secured commercial vehicle and tractor loans, and loans to retail Indian investors subscribing to registered equity offerings. IBFSL's fee-based activities include selling of life insurance policies, pension plans and other financial products. The Company also makes investments in mutual funds, equity shares, debt securities and other investments. Other financial services also ended the trading in red zone with Housing Development Finance, Manappuram General Finance and Future Capital Holdings slipping 3.18, 7.08 and 5.01 percent, respectively. With 1,721,678 units of shares, Reliance Equity Opportunities Fund holds the largest number of shares in Indiabulls Financial Services.