Home First Finance surges on getting corporate agent license from IRDAI
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Home First Finance Company India is currently trading at Rs. 934.05, up by 23.75 points or 2.61% from its previous closing of Rs. 910.30 on the BSE.
The scrip opened at Rs. 941.95 and has touched a high and low of Rs. 946.35 and Rs. 926.05 respectively. So far 5885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1058.80 on 19-Jan-2024 and a 52 week low of Rs. 654.85 on 13-Mar-2023.
Last one week high and low of the scrip stood at Rs. 957.50 and Rs. 876.75 respectively. The current market cap of the company is Rs. 8269.81 crore.
The promoters holding in the company stood at 23.60%, while Institutions and Non-Institutions held 36.55% and 39.84% respectively.
Home First Finance Company India has been granted the Corporate Agent (Composite) license by Insurance Regulatory and Development Authority of India (IRDAI) for soliciting life, general and health insurance (Composite) as Corporate Agent under Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015.
The Company will be able to solicit insurance products to its customers as a Corporate Agent. The validity of the license is from February 21, 2024 to February 20, 2027.
Home First Finance Company India is a Housing Finance Company which offers home loan with 48 hours sanctions and hassle-free process.
