Star Housing Finance rises on planning to expand presence in Madhya Pradesh
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Star Housing Finance is currently trading at Rs 130.50, up by 1.05 points or 0.81% from its previous closing of Rs. 129.45 on the BSE.
The scrip opened at Rs. 131.05 and has touched a high and low of Rs. 131.35 and Rs. 130.00 respectively. So far 11015 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.95 on 20-Jun-2022 and a 52 week low of Rs. 71.20 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 136.90 and Rs. 127.60 respectively. The current market cap of the company is Rs. 216.15 crore.
The promoters holding in the company stood at 37.38%, while Non-Institutions held 62.62% in the company.
Star Housing Finance is intending to penetrate deeper into existing geographies as part of its expansion strategy to meet the housing finance needs of the rural populace in Madhya Pradesh. With an existing presence in Indore, the company intends to expand into nearby locations such as Ujjain, Dewas, Pithampur & Khargone through physical and digital offices.
These locations, post getting operational shall be manned with officers having housing finance experience and local know how thereby enabling credit access to prospective borrower towards purchase/construction of own home in the form of low-cost housing units.
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.
