India's Home First Finance gains on Q1 profit rise

Home First Finance India

26/07/2024 05:56

** Shares of Home First Finance  HOME.NS  rise 6.2% to
1,095.9 rupees
    ** Housing finance co reported a 27% rise in Q1 PAT, buoyed
by a 31% rise in interest income
    ** More than 1.2 mln shares traded, 3x its 30-day avg
    ** Avg rating of 16 analysts is a "strong buy" vs "buy"
rating on rivals Shriram Finance  SHMF.NS , Aavas Financiers
 AVAS.NS  - LSEG data
    ** Stock up 18% so far this year; SMHF is up 33.7% and AVAS
is up 14.4%

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))