In Wednesday’s trading session, shares of one of the leading housing finance company in India, specializing in providing home loans to the underserved and economically weaker sections of society, jumped up to 3.25 percent following the bulk deal of a 0.84 percent stake involving Government Pension Fund Global.
Price action
With a market capitalization of Rs. 9,345.08 crores on Wednesday, the shares of Home First Finance Company India Limited is trading at Rs. 1,052.65 up by 3.25 percent, making a high of Rs. 1,074.90 per share compared to its previous closing price of Rs. 1,041.15 per share.
What happened
Home First Finance Company India Limited, a company specializing in providing home loans to the underserved and economically weaker sections of society, recently experienced a bulk deal in which Norges Bank on account of the Government Pension Fund Global sold 0.84 percent stake. In this transaction, approximately 7.5 lakh shares were sold at Rs 1,023.28 each, resulting in a total value of around Rs 76.77 crore.
About the company
Home First Finance Company India Ltd. is a prominent player in the Indian housing finance sector, focused on providing affordable home loan solutions to low and middle-income households. Founded in 2010, the company has rapidly established itself as a trusted name by offering home loans to individuals who may not have access to traditional financing options.
AUM by Product (As of Sep’24)
As of September 2024, Home First Finance’s AUM consists of 85 percent housing loans, 14 percent shop loans, and 1 percent Loan Against Property (LAP). This portfolio highlights the company’s focus on affordable housing and support for small businesses
Financials
The company’s revenue rose by 34.62 percent from Rs 277.98 crore to Rs 374.24 crore in Q2 FY24-25. Meanwhile, net profit rose from Rs 74.31 crores to Rs 92.23 crores during the same period.
Written by Sridhar J
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