Shalibhadra Finance moves up on venturing into housing finance business
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Shalibhadra Finance is currently trading at Rs. 630.00, up by 5.00 points or 0.80% from its previous closing of Rs. 625.00 on the BSE.
The scrip opened at Rs. 649.95 and has touched a high and low of Rs. 649.95 and Rs. 625.00 respectively. So far 7886 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 655.90 on 24-May-2024 and a 52 week low of Rs. 129.85 on 12-Jul-2023.
Last one week high and low of the scrip stood at Rs. 653.00 and Rs. 602.10 respectively. The current market cap of the company is Rs. 450.73 crore.
The promoters holding in the company stood at 60.00%, while Non-Institutions held 40.00% stake in the company.
Shalibhadra Finance has expanded its product portfolio by adding small-ticket size housing finance in its product mix. Shalibhadra Finance has a longstanding history of over two decades in financing two-wheelers in rural areas. With a robust network of more than 50 branches spread across Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan, the company has successfully built relationships with lakhs of rural customers. This extensive network and deep-rooted presence in rural areas uniquely position Shalibhadra Finance to achieve success in the newly launched housing finance segment.
Leveraging its strong base and trusted relationships in these regions, Shalibhadra Finance aims to make a significant impact by providing accessible and affordable housing finance solutions.
Shalibhadra Finance is engaged in capital market operations, financial advising services and syndication of funds. The company has focus in the field of vehicle finance, specially two wheeler segments.
