Among the buyers, BoFA Securities Europe SA ODI bought over 5.54 lakh shares worth Rs 55 crore while American Funds Insurance Series Capital Income Builder purchased 26.18 lakh shares worth Rs 259 crore. Citigroup Global Markets Mauritius Private Limited ODI took over 11 lakh shares amounting to Rs 110 crore.
Norway-based Norges Bank on Account of The Government Pension Fund Global bought 25.35 lakh shares worth Rs 251 crore while Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 8.6 lakh shares for Rs 85 crore. Prudential Hong Kong Limited bought 5.68 lakh shares at Rs 56 crore.
Domestic fund HDFC MF bought over 29.70 lakh shares for Rs 294 crore.
The shares were purchased around Rs 990 apiece.
Between the three sellers, shares worth Rs 1,411 crore were sold. The shares of Home First Finance ended today on the BSE at Rs 1074.55, up by Rs 22.05 or 2.10% over the Friday closing price.On Friday, CNBC TV18 had reported about the likelihood of block deals worth Rs 1,267 crore where 14.7% stake was to be on offer. The floor price was reported at Rs 968 apiece which was a discount of 8% over the current market price, the report said citing sources.
True North Fund’s holding in the company as on September 30, 2024 stood at 14.07 while Aether held 9.31% stake as on this date. Meanwhile, Orange Clove held 22.90% in the Mumbai-based company.
The market capitalisation of Home First, a smallcap stock is Rs 9,602.99 crore. The stock has delivered 13% returns over a 1-year period which is lower than those by Nifty (17%) in the same period. In 2024 so far, the stock has yielded 15%.
Also Read: Nifty logs positive Dec returns 6 times in 10 years; seasonality favourable for FIIs & DIIs too
The company reported a standalone net profit of Rs 92.2 crore in July-September quarter which was up 24% from Rs 74.3 crore reported in the year ago period. Total revenue in the said quarter stood at Rs 374.2 crore versus Rs 278 in the corresponding quarter of the previous financial year which was up 37%.
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