June 16, 2024
Finance

Home First Finance – Strong Execution To Continue: Yes Securities


NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Home First Finance Ltd. has been among the few companies under our coverage where growth and earnings downgrade has been negligible through FY24.

From growth and return on equity standpoint, the co. has consistently met expectations. The growth outlook remains solid and RoE improvement trajectory appears intact, and hence the recent price correction makes the valuation attractive.

The stock trades at 17 times price-to-earning and 2.8 times price/adjusted book on FY26 estimates for estimated earnings compound annual growth rate of 27-28% over FY23-26.

We retain ‘Buy’ and maintain 12 months target price of Rs 1140.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.
Complete the form below to subscribe to our weekly newsletter.


100% secure your website.