India Shelter Finance Corporation Achieves 52-Week High Amid Strong Financial Growth

India Shelter Finance Corporation has made headlines today as its stock price reached a new 52-week high of Rs. 869.95, reflecting a robust performance in the finance-housing sector. The company has demonstrated consistent growth, with a remarkable 49.57% increase in stock value over the past year, significantly outperforming the BSE 500 index, which recorded a mere 2.84% return in the same period.
The stock has shown a positive trend, gaining 4.53% over the last two days, and is currently trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical strength indicates a bullish sentiment surrounding the stock.

India Shelter Finance Corporation has also reported impressive financial metrics, with net sales growing at an annual rate of 36% and operating profits increasing by 38.07%. The company has consistently delivered positive results over the last four quarters, with the latest quarterly net sales reaching Rs. 304.25 crore, marking a 24.5% growth.

With a return on equity of 12.6% and high institutional holdings at 26.9%, India Shelter Finance Corporation continues to solidify its position as a strong player in the housing finance industry.