Ventura Securities has initiated coverage on Home First Finance Company as it believes that it is poised for significant expansion in the Indian affordable housing finance sector.
Home First Finance share: The stock rose 5.09 per cent to hit a high of Rs 1264.35 apiece, as the block deal took place at Rs 1,190.50 per share, which was at 0.98 per cent discount over the Friday's closing price.
Home First share: Shares would be offloaded by the Warburg Pincus entity at an indicative price of Rs 1,143-1,202 per share, which suggests up to 4.9% discount to Friday's closing price of Rs 1,202.30 apiece on NSE.
The Employees’ Provident Fund Organisation (EPFO) has eased rules, now allowing fund withdrawals after just three years for home purchases—a significant shift set to boost housing demand and liquidity in the market.
Home First Finance Company India Ltd climbed 5 per cent to Rs 1,432, as Bernstein suggested a target price of Rs 1,650, saying HomeFirst stands out for its demonstrated ability to consistently replicate its operating model
Biocon Ltd, Hitachi Energy India Ltd, Indian Renewable Energy Development Agency Ltd (IREDA), Capri Global Capital Ltd, and UCO Bank are among the biggest fundraisers this year.
In this episode of Daily Calls, Jatin Gedia, Technical Research Analyst at Mirae Asset Sharekhan, shares his expert view on the housing finance sector, which is currently in focus due to the recent interest rate cuts by the RBI. With banks and NBFCs following suit, the expectation is that lower interest rates will drive demand for home loans, thereby benefiting housing finance companies. Jatin evaluates four prominent players in the space — Bajaj Housing Finance, Home First Finance, LIC Housing Finance, and Awas Financiers — and highlights LIC Housing Finance as his top recommendation. He notes that the stock has formed a strong technical base around the ₹490–₹500 levels and is poised for an upward move towards ₹725 in the short to medium term. Additionally, Jatin suggests that investors with an interest in this sector should also consider realty stocks, which are showing promising technical setups amid the current market momentum.
Ujjivan Small Finance Bank Ltd and Home First Finance Company India Ltd have climbed 22.31 per cent and 21.58 per cent, respectively, since April 2. Equitas Small Finance Bank Ltd also gained 14.81 per cent.
Stocks including GAIL (India), Vodafone Idea, NTPC, Concord Biotech, HAL, IRB Infrastructure, NTPC Green Energy and BPCL will be in the spotlight on Wednesday, April 09.
A 2023 report by the National Housing Bank highlighted that over 90% of residential property buyers in India utilise loans to finance their homes. One of the most substantial hidden costs of home ownership is the interest paid on a home loan.
Since the pandemic, India's property market has heated up, with 2023 marking the best year for home sales in at least 15 years.





