India's Home First Finance rises on regulator's approval of corporate agent license

Home First Finance India

22/02/2024 04:50

** Shares of Home First Finance Company India  HOME.NS  rise
as much as 3.6% to 948 rupees 
    ** Housing finance co says it was granted a corporate agent
license by the Insurance Regulatory and Development Authority of
India to solicit life, general, and health insurance
    ** Stock trading above its 200-day simple moving average
since June 26, 2023
    ** More than 1.3 mln shares traded so far this week, highest
since week to Jan 19
    ** Mean rating of 16 analysts rating the stock is "buy";
their median PT is 1,150 rupees - LSEG data
    ** HOME last up 1.8% adding to YTD gains of 0.2% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))