Read more about Home First Finance Company India standalone net profit declines 47.07% in the December 2020 quarter on Business Standard. Sales decline 5.03% to Rs 107.63 crore
Benchmark indices scaled record high levels as Union Budget euphoria continued. The Nifty scaled 14,750 mark and inched higher. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 390.63 points or 0.78% at 50,189.66. The Nifty 50 index was up 126.70 points or 0.86% at 14,774.75.
The Sensex scaled record high of 50,231.39 while the Nifty recorded an all time high of 14,792.
The rally was broad based. The S&P BSE Mid-Cap index was up 1.26%. The S&P BSE Small-Cap index was up 1.21%.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insurance improved the overall outlook of the sector.
Shares of Home First Finance Company India were trading at Rs 587.95 at 10:12 IST on the BSE, at a premium of 13.50% over the initial public offer price of Rs 518.
The stock was listed at Rs 612.15, at a premium of 18.18% or 518 points to the initial public offer (IPO) price. So far the stock hit a high of Rs 639.50 and low of Rs 581. On the BSE, 7.73 lakh shares were traded on the counter so far.
The IPO of Home First Finance Company India was subscribed 26.66 times. The issue opened for subscription on 21 January 2021 and closed on 25 January 2021. The price band for the IPO was set at Rs 517-518 per share.
Benchmark indices surged for third consecutive session on Wednesday, as euphoria surrounding the Union Budget continued. The Nifty closed tad below the crucial 14,800 mark after scaling that level in intraday trade. The BSE Sensex closed above 50,000 mark for the first.
As per the provisional closing data, the S&P BSE Sensex, soared 458.03 points or 0.92% at 50,255.75. The Nifty 50 index surged 142.1 points or 0.97% at 14,789.95.
The Sensex scaled record high of 50,526.39 while the Nifty recorded an all-time high of 14,868.85 in intraday trade.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insurance improved the overall outlook of the sector.
Shares of Home First Finance Company India ended at Rs 527.4, with a gain on less than 2 per cent over its issue price of Rs 518 during their stock market debut on Wednesday. The stock, however, gained as much as 23 per cent in intra-day trade. It touched a high of Rs 640 and a low of Rs 522 on the NSE, where Rs 1,445 crore worth of shares changed hands. Home First’s Rs 1,150-crore IPO last month had garnered 27 times subscription. The company, backed by private equity major Warburg Pincus, is mortgage lender focused on low and middle-income groups. At its last close, the Home First was valued at Rs 4,609 crore. Through the IPO, the company raised fresh equity capital of Rs 265 crore.