Shares of Home First Finance Company India Ltd surged over 5% today to trade at ₹1,437.10 on the NSE after brokerage firm Bernstein initiated coverage with an ‘outperform’ rating and set a price target of ₹1,650. This target suggests an additional upside potential of about 21% from current levels.
In its note, Bernstein highlighted Home First Finance’s ability to replicate its operating model successfully across multiple states, citing its smaller size, faster growth, and superior productivity metrics as key advantages over peers. The brokerage also mentioned that the company enjoys greater flexibility to sustain profitability even in a competitive market environment.
Bernstein noted that Home First’s smaller ticket, fixed-rate home loans, and strong execution position it well, especially in a declining interest rate scenario, while maintaining strong asset quality.
The stock has already gained over 7% in the last month, outperforming several of its housing finance peers. Today’s move came after the brokerage flagged Home First Finance as a standout player among the four housing finance companies it covered, which included Aptus, Aadhar, and Aavas.
Bernstein’s bullish call is based on the company’s consistent growth trajectory, strong operational efficiency, and the ability to scale up profitably.
