Star Housing Finance jumps despite weakness over Dalal Street
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Star Housing Finance is currently trading at Rs. 50.75, up by 0.55 points or 1.10% from its previous closing of Rs. 50.20 on the BSE.
The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 50.90 and Rs. 48.25 respectively. So far 172890 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 60.20 on 16-Dec-2022 and a 52 week low of Rs. 23.56 on 22-Apr-2022.
Last one week high and low of the scrip stood at Rs. 50.90 and Rs. 44.25 respectively. The current market cap of the company is Rs. 389.65 crore.
The promoters holding in the company stood at 24.02%, while Institutions and Non-Institutions held 1.06% and 74.92% respectively.
Star Housing Finance (Star HFL) has opened a new branch in Jalgaon, Maharashtra, India, as part of the company's strategy to expand its distribution network and increase its business presence in semi-urban and rural regions throughout the country.
The company aims to provide the right amount of credit to the right customers at the right time, using both technology and physical touchpoints. The new branch in Jalgaon is intended to reinforce the company's relationship with its existing customers in the area and will act as a hub for processing business from nearby locations increasing accessibility and ensuring scale-up.
Star Housing Finance (formally known as Akme Star Housing Finance) is primarily engaged in the business of providing loans to individuals, corporate and developers for the pur)chase, construction, development and repair of houses, apartments and commercial properties in India.
