Home First Finance Reaches New High Amid Strong Market Momentum and Sector Growth

Home First Finance Company India has made headlines today as its stock price reached a new 52-week high of Rs. 1383.45, reflecting a notable increase of 3.2% during intraday trading. This achievement comes on the heels of a strong performance over the past two days, with the stock gaining 6.95% in returns. The company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.
In the broader market context, the Sensex has also shown positive momentum, climbing 306.71 points to reach 82,755.51, just 3.89% shy of its own 52-week high. The housing finance sector, where Home First operates, has gained 2.69%, contributing to the overall bullish sentiment.

Home First Finance Company has demonstrated impressive long-term fundamentals, with a 36.14% compound annual growth rate (CAGR) in operating profits and a 33.45% annual growth rate in net sales. The company has consistently reported positive results for the last 15 quarters, showcasing its strong market position and operational efficiency. With a one-year performance of 36.76%, the stock has outperformed the Sensex, which has seen a 6.02% increase in the same period.