India's Home First Finance rises 5% in two sessions after PL Capital starts with 'buy'

Home First Finance India

25/02/2026 09:03

** Shares of Home First Finance Company HOME.NS rise 2.4% to 1,234 rupees, hitting their highest level in nearly a month

** Stock up 5% in two sessions after PL Capital initiates coverage with "buy" rating and TP of 1,375 rupees

** Brokerage expects AUM to grow by 24% compounded annual growth rate over FY25-28 aided by deeper geographic expansion

** Despite rising competition, HOME has been able to maintain steady lending yields - PL Capital

** Says while credit cost has been elevated, expect it to normalise in FY27/28

** PL Capital finds HOME's valuation attractive, views it among best affordable housing finance cos in India

** Average rating of 22 analysts covering stock is "buy", their median PT is 1,370 rupees - LSEG data

** Stock up 12% so far in 2026

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))