#HOMEFIRST
This is not a buy or sell recommendation only for educational purposes and I am not a SEBI registered.
Entry above :1315 on closing monthly candle
SLL: 1227
SWING TRADING TARGET: 1385-1679-1777
Based on a comprehensive analysis of Home First Finance Company India Ltd. (NSE: HOMEFIRST), here is an in-depth evaluation encompassing its fundamental performance, institutional investment trends, and suitability for long-term investment or swing trading strategies.
Fundamental Analysis
Financial Performance
Revenue & Profitability: The company has demonstrated robust financial growth, with annual revenue increasing from *242 million in FY2016 to *11.57 billion in FY2024. The net profit margin stood at 23.9% in Q3 FY25, indicating efficient operations and profitability.
Asset Quality: As of December 31, 2024, the total asset value was ₹11,309 crore, reflecting a strong asset base. The company maintains a healthy capital adequacy ratio (CRAR) of 36.2%, showcasing financial stability.
Return Metrics: The Return on Equity (ROE) improved to 14.41% in FY2024, up from 12.56% in FY2023, indicating enhanced shareholder value creation.
Institutional Investment Trends
Promoter Holdings: There has been a notable reduction in promoter holdings, decreasing from 23.38% to 14.31% in the quarter ending December 2024. Institutional Investors: Institutional investors have significantly increased their stake, rising from 37.98% to 56.19% in the same period, indicating growing confidence among large investors.
Technical Indicators
Moving Averages: The stock is trading close to its 50-day Simple Moving Average (SMA) of *996.03 and 200-day SMA of ₹1,051.20, suggesting a neutral trend. Momentum Indicators: The Relative Strength Index (RSI) is at 54.75, indicating a neutral momentum. The Money Flow Index (MFI) at 74.85 suggests strong buying pressure.
Investment Considerations
Long-Term Investment
Home First Finance exhibits strong fundamentals, consistent growth, and increasing institutional interest, making it a viable option for long-term investment. Analysts have set a 12-month average target price of ₹1,239.81, representing an upside potential of approximately 24.86% from the current price.
Swing Trading
For swing trading, the stock's current technical indicators suggest a neutral trend. Traders should monitor key support and resistance levels and consider market volatility before initiating short-term positions.
* Conclusion
Home First Finance Company India Ltd. presents a compelling investment opportunity, backed by strong financial performance and growing institutional interest. While the stock shows potential for long-term growth, swing traders should exercise caution and rely on technical analysis for entry and exit points. If you have specific queries regarding the monthly chart or require further analysis, please provide the chart details, and I will be glad to assist you further.
This is not a buy or sell recommendation only for educational purposes and I am not a SEBI registered.
Entry above :1315 on closing monthly candle
SLL: 1227
SWING TRADING TARGET: 1385-1679-1777
Based on a comprehensive analysis of Home First Finance Company India Ltd. (NSE: HOMEFIRST), here is an in-depth evaluation encompassing its fundamental performance, institutional investment trends, and suitability for long-term investment or swing trading strategies.
Fundamental Analysis
Financial Performance
Revenue & Profitability: The company has demonstrated robust financial growth, with annual revenue increasing from *242 million in FY2016 to *11.57 billion in FY2024. The net profit margin stood at 23.9% in Q3 FY25, indicating efficient operations and profitability.
Asset Quality: As of December 31, 2024, the total asset value was ₹11,309 crore, reflecting a strong asset base. The company maintains a healthy capital adequacy ratio (CRAR) of 36.2%, showcasing financial stability.
Return Metrics: The Return on Equity (ROE) improved to 14.41% in FY2024, up from 12.56% in FY2023, indicating enhanced shareholder value creation.
Institutional Investment Trends
Promoter Holdings: There has been a notable reduction in promoter holdings, decreasing from 23.38% to 14.31% in the quarter ending December 2024. Institutional Investors: Institutional investors have significantly increased their stake, rising from 37.98% to 56.19% in the same period, indicating growing confidence among large investors.
Technical Indicators
Moving Averages: The stock is trading close to its 50-day Simple Moving Average (SMA) of *996.03 and 200-day SMA of ₹1,051.20, suggesting a neutral trend. Momentum Indicators: The Relative Strength Index (RSI) is at 54.75, indicating a neutral momentum. The Money Flow Index (MFI) at 74.85 suggests strong buying pressure.
Investment Considerations
Long-Term Investment
Home First Finance exhibits strong fundamentals, consistent growth, and increasing institutional interest, making it a viable option for long-term investment. Analysts have set a 12-month average target price of ₹1,239.81, representing an upside potential of approximately 24.86% from the current price.
Swing Trading
For swing trading, the stock's current technical indicators suggest a neutral trend. Traders should monitor key support and resistance levels and consider market volatility before initiating short-term positions.
* Conclusion
Home First Finance Company India Ltd. presents a compelling investment opportunity, backed by strong financial performance and growing institutional interest. While the stock shows potential for long-term growth, swing traders should exercise caution and rely on technical analysis for entry and exit points. If you have specific queries regarding the monthly chart or require further analysis, please provide the chart details, and I will be glad to assist you further.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.