India's Home First Finance falls on report PE investors selling stake

Home First Finance India

23/11/2023 06:15

** Shares of Home First Finance Company India  HOME.NS  fall
as much as 5.25% to 866.50 rupees, mark sharpest intraday pct
loss since June 21
    ** Around 9.78% equity of co exchanged hands in a block deal
on Thursday with buyer and seller in the deal not officially
known, CNBC-TV18 reported
    ** Private equity investors including Warburg Pincus and
True North, likely to sell their stakes on the block, CNBC Awaaz
reported 
    ** Stock witnessing its most active trading session since
May 15 with more than 1.9 mln shares changing hands by 11:22
a.m. IST, 11.3x of 30-day avg
    ** Sixteen of 17 analysts covering the stock have a "buy" or
"strong buy" rating while 1 rates it at "sell"; median PT is
1,073 rupees - LSEG data
    ** Stock up 20.2% YTD



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))