HOMEFIRST

May 1 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE - DIVIDEND 3.7 RUPEES PER SHARE

• HOME FIRST FINANCE - TO ISSUE NCDS UPTO 7 BILLION RUPEES VIA PRIVATE PLACEMENT

Source text: ID:nNSE3ctW9S

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** India's Home First Finance HOME.NS gains 8% to 1,142.60 rupees

** Investec keeps 'buy' rating on the housing financier , hikes PT to 1,350 rupees from 1,300 rupees

** Says HOME is "ahead of its affordable peers" such as Aadhar Housing Finance AADA.NS and Aavas Financiers AVAS.NS

** Says best-in-class asset quality, scalable affordable housing business and customer-centric approach to boost profit

** Notes HOME's reliance on debt has fallen after recent equity raise, which could become preferred route for funding

** Analysts on avg rate HOME and AADA 'strong buy' and AVAS 'buy'; their median PT on HOME is 1,290 rupees -LSEG data

** HOME up 8% YTD vs 11% for AADA and 19.5% for AVAS

(Reporting by Kashish Tandon in Bengaluru)

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April 14 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• RAISED 12.5 BILLION RUPEES THROUGH QUALIFIED INSTITUTIONAL PLACEMENT

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** Shares of Home First Finance Company India HOME.NS rise 2.8% to 1,015.45 rupees, set to snap three-session losing streak

** Housing finance firm opens qualified institutional placement of shares with floor price set at 1,019.25 rupees per share, premium of 3.2% to Tuesday's closing price

** Co has shareholders' approval to raise up to 12.5 billion rupees ($144.5 million) through QIP issue of shares

** Trading vols at 1.47 million shares, nearly 2x the 30-day average

** HOME down ~4% so far in 2025

($1 = 86.5330 Indian rupees)

(Reporting by Vijay Malkar)

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April 8 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• FLOOR PRICE FOR QIP ISSUE SET AT 1,019.25 RUPEES PER SHARE

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** Asian Markets Securities initiates coverage on India's affordable housing finance cos, citing robust growth and returns

** Says AADA HAS better diversification, with top three states ~40% of AUM vs 59%-67% for other three

** Expects AADA and IDNI to achieve 4%-plus ROA with AUM CAGR at 20% and 32% each over FY24-27

** On the day, AADA down ~1%, AVAS up 2.6%, HOME down 1.44% and IDNI flat

(Reporting by Ananta Agarwal in Bengaluru)

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** Indian market is poised for a near-term bounce, says Jefferies, making changes to its India model portfolio

** Cites Nifty's .NSEI valuations near long-term averages, government spending, RBI easing, and strong domestic inflows as reasons for the potential rise

** Nifty is down 15% since hitting record peak in September

** Brokerage expects banks, non-bank lenders, autos, property, and power to fuel Nifty's revival

** Double downgrades IT .NIFTYIT to "underweight" from "overweight," citing high valuations and U.S. economic risks

** Metals .NIFTYMET get a higher weight due to a potential China recovery, expectations of safeguard duties on Chinese steel imports

** Cuts pharma .NIPHARM to "neutral" from "overweight" over U.S. tariff concerns

** Crompton Greaves Consumer CROP.NS joins the portfolio, while weight of some auto stocks cut after weak sales data

** In its India model portfolio, Jefferies replaces Home First HOME.NS with Shriram Finance SHMF.NS, citing strong demand for used commercial vehicles and stable asset quality

(Reporting by Bharath Rajeswaran in Bengaluru)

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Jan 28 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE COMPANY INDIA DEC-QUARTER PAT 973.8 MILLION RUPEES

• HOME FIRST FINANCE COMPANY INDIA DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 4.06 BILLION RUPEES

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** Shares of Can Fin Homes CNFH.NS rise 5.8% to 881 rupees, set for best day in four months

** Housing finance co reports a near 34% rise in Sept-qtr net profit after tax to 2.11 billion rupees ($25.10 million) on higher disbursements

** Busiest session for stock in over a month; more than 1.6 mln shares change hands, over two times the 30-day avg

** Avg rating by analysts covering CNFH at "buy"; peers Home First Finance Co HOME.NS and Aptus Value Housing Finance India APTS.NS also rated "buy"

** CNFH's median PT is at 937 rupees - LSEG data

** Stock up ~13% so far this year vs a ~20% and ~13% rise in HOME and APTS, respectively

($1 = 84.0480 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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** 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)

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July 25 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE COMPANY INDIA JUNE-QUARTER PAT 877.7 MILLION RUPEES

• HOME FIRST FINANCE COMPANY INDIA JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 3.36 BILLION RUPEES

Source text for Eikon: ID:nBSE67xrg7

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** Jefferies expects Modi-led coalition government to announce affordable housing scheme in upcoming budget, says likely will lift growth in affordable housing loans

** Brokerage sees Aavas Financiers AVAS.NS and Home First Finance Co India HOME.NS as direct beneficiaries

** AVAS, HOME add 5.4% each on the day

** Brokerage prefers Can Fin Homes CNFH.NS over LIC Housing Finance LICH.NS among larger players

** CNFH and LICH up 2.3% and 4.3%, respectively

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Shriram Finance SHMF.NS up as much as 5% at 2,417.85 rupees, last up 2.7%

** NBFC says it will sell its entire stake in unit Shriram Housing Finance to Warburg Pincus in a deal valued at 46.30 bln rupees ($554.5 mln)

** Valuation ~18% below Morgan Stanley's valuation of 57 bln rupees, in-line with Axis Capital's expectation

** Sale could lead to a P&L gain of 23.5 bln rupees (3% of market cap)- CLSA

** Adds Warburg's valuations lower than that of other housing finance cos like Aavas Financiers AVAS.NS, Home First Finance HOME.NS, Aptus Value Housing Finance India APTS.NS

** Analysts avg rating on SHMF "buy"; median PT 2,900 rupees - LSEG data

** Stock up ~16% YTD vs 2% rise in Nifty 50 Index .NSEI and 1% dip in Nifty Financial Services Index .NIFTYFIN

($1 = 83.5040 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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May 1 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE COMPANY INDIA - TO CONSIDER FUND RAISING VIA ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE3hSSB7

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** Shares of Aavas Financiers AVAS.NS rise as much as 5.23% to a six-month high of 1,689.30 rupees apiece; last up 2%

** Housing finance company posts 12% year-on-year rise in consolidated net profit in March quarter

** Loan growth of 22% and disbursement growth of 19% in March quarter is encouraging, says Jefferies; raises target price to 2,000 rupees from 1,940 rupees earlier, reiterates "buy" rating

** Expects return-on-equity to improve to 16% by fiscal 2026 from 14% currently

** Says valuation of AVAS is at a discount to peers

** The trailing 12-month (TTM) price-to-earnings (P/E) ratio, a measure of valuation, of AVAS is 26.76, higher than Aptus Value Housing Finance APTS.NS, Home First Finance HOME.NS - LSEG data

** Mean recommendation of 19 analysts tracking AVAS is "buy"; median price target at 1,775 rupees - LSEG

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India Shelter Finance Corporation IDNI.NS up 5.7% to 619.65 rupees

** Kotak Institutional Equities initiates coverage on housing finance co with "buy" rating, fair value of 685 rupees

** Expects co to deliver 35% AUM CAGR over FY2023-26, higher than 22%-29% expected for peers including Aavas Financiers AVAS.NS, Aptus Housing APTS.NS and Home First HOME.NS for the same period

** Adds, IDNI has strong potential for near-term growth, driven by its presence in affordable housing finance and geographically diversified loan book

** However, some risks include effective execution in new geographies, maintaining strong asset quality performance, managing a high fixed-rate loan book, potential repercussions of rating downgrades

** IDNI has risen 9% YTD, compared with its peers, whose YTD performances range between declines of 2.3% and 13.9%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** 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)

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Feb 21 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE COMPANY INDIA LTD - IRDAI GRANTED CORPORATE AGENT LICENSE TO CO

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** Shares of Home First Finance HOME.NS trim some gains to trade 3.1% higher at 1,014.10 rupees; rose as much as 7.8% to hit a record high earlier in the session

** Housing finance firm on Thursday reported 34.2% Y/Y rise in Q3 PAT, while rev from ops rose 39.1%

** Its loan disbursal was up 29.1% in Q3, AUM grew 33.5%

** Avg rating of 16 analysts equivalent of "strong buy", median PT is 1,095 rupees - LSEG data

** Stock rose 14.7% in Dec quarter, its best quarterly performance since Sept quarter, 2022

($1 = 83.1250 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Jan 18 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• DEC-QUARTER PAT 788.2 MILLION RUPEES VERSUS 587.4 MILLION RUPEES

• DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 2.96 BILLION RUPEES VERSUS 2.05 BILLION RUPEES

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** 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)

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** Shares of Home First Finance Company India HOME.NS up as much as 4.7% to 949.85 rupees

** Indian housing finance firm reported ~37% YoY rise in Sept-qtr profit after tax, led by strong loan growth; total rev from ops up 44.3% YoY

** Sixteen of the 17 analysts rate the stock "buy" or "strong buy", while one rates it "sell"; median PT is 1,005 rupees - LSEG data

** Stock last up 3.4%, extending YTD gains to 28.2%

(Reporting by Kashish Tandon in Bengaluru)

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Oct 26 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• SEPT-QUARTER PAT 743.1 MILLION RUPEES VERSUS PROFIT 542.7 MILLION RUPEES

• SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 2.73 BILLION RUPEES VERSUS 1.89 BILLION RUPEES

• APPROVED OFFER, ISSUE OF NCD'S WORTH ABOUT 7 BILLION RUPEES

Source text for Eikon: ID:nBSE40Z8Td

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** Shares of Home First Finance Company India HOME.NS rise as much as 8.93% to 922 rupees, hitting their highest level since Sept. 6

** Stock mark sharpest intraday pct gain since Nov. 16

** Indian govt proposes new housing scheme to provide relief in interest rates on loans from banks

** Such a scheme could provide subsidies in interest rate to low-and-middle-income households - Investec

** Adds, HOME will be "biggest beneficiary" as it focuses on urban affordable housing segment

** More than 808,000 shares change hands by 12:30 p.m. IST, 4.5x 30-day avg

** Avg rating of 16 analysts close to equivalent of "buy," median PT is 1,005 rupees - Refinitiv data

** Stock up 19% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

July 27 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• HOME FIRST FINANCE COMPANY INDIA LTD JUNE-QUARTER PAT 691.2 MILLION RUPEES VERSUS PROFIT 512.5 MILLION RUPEES

• HOME FIRST FINANCE COMPANY INDIA LTD JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 2.55 BILLION RUPEES VERSUS 1.69 BILLION RUPEES

Source text for Eikon: ID:nBSE7S2hzN

Further company coverage: HOME.NS

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** Shares of Home First Finance Company India HOME.NS rise as much as 3.9% to 814.8 rupees

** Brokerage Jefferies says strong demand and distribution expansion should drive strong loan growth for co

** Adds that prime lending rate (PLR) hike of 50bps in April and draw down of National Housing Bank borrowings should cushion impact of higher cost of funds

** Competition is mainly from bank/ HFC affordable housing products like Axis Aasha, HDFC Reach, ICICI Home Finance in Ahmedabad market - Jefferies; says Ahmedabad constitutes nearly 28% of loans in Gujarat and 9% of total loans

** Brokerage has "buy" rating on HOME with PT of 945 rupees per share

** Almost 71,000 shares change hands as of 10:55am IST, 0.3X the 30-day moving average

** Fourteen analysts rate the stock "buy" or "strong buy", one "sell"; median PT is 960 rupees - Refinitiv data

** Stock up 7.2% YTD as of last close

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Home First Finance Company India Ltd HOME.NS fall as much as 5.42% to 686 rupees, a two-month low

** About 4.76 mln shares (5.41% stake) change hands in two blocks, at a price range between 705 rupees and 714.80 rupees

** Stock is most active in two months with trading volume of 5.42 mln shares as of 11:54 a.m. IST, 33 times the 30-day avg - Refinitiv data

** Of the 14 analysts tracking HOME, 13 maintain "buy", one recommends "sell"; median TP is 950 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 2 (Reuters) - Home First Finance Company India Ltd HOME.NS:

• INDIA'S HOME FIRST FINANCE COMPANY INDIA LTD MARCH-QUARTER PAT 640.3 MILLION RUPEES VERSUS 601.9 MILLION RUPEES

• HOME FIRST FINANCE COMPANY INDIA LTD MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES VERSUS 1.56 BILLION RUPEES

• HOME FIRST FINANCE COMPANY INDIA LTD DIVIDEND OF 2.60 RUPEES PER SHARE

• HOME FIRST FINANCE COMPANY INDIA LTD - APPROVED ISSUE IN ONE OR MORE TRANCHES, NON-CONVERTIBLE DEBENTURES WORTH 5 BILLION RUPEES VIA PRIVATE PLACEMENT BASIS

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