One of the reasons that the stock of Indiabulls Housing Finance had fallen sharply was that there were allegations that the company had diverted loans to related entities. The allegations were made by Mr. Subramaniam Swamy and after that the stock had tanked sharply. Recently, the government also confirmed that after due investigations the agencies had arrived at the conclusion that there were nothing amiss in the books of accounts of the company. Mr. Swamy also gave a clean chit to the company and that has helped prop the price of the company. The company already has the second largest home finance book after HDFC and it had always been a solid dividend yield and growth candidate. This clarification comes in the wake of the troubles that most HFCs have been facing in the market in the last couple of years. This should set those fears to rest, especially after what happened in the case of Dewan Housing Finance.