Jefferies has reiterated its ‘Buy’ rating on Home First Finance, setting a target price of ₹1,325, indicating a 36.9% upside from the current market price of ₹968.10.
The brokerage noted that loan growth remains healthy, although disbursements are slightly soft. However, the steady asset quality and expectations of 27% EPS CAGR over FY25-27E reinforce confidence in the company’s long-term growth potential.
Jefferies also highlighted that spreads have moderated due to a higher cost of funds, but Home First Finance remains its top pick in the affordable housing segment due to its strong fundamentals and growth outlook.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
