Latest news with #HomeFirst
Time of India
6 days ago
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting June 16, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 16, 2025) are Home First Finance and Kaynes. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Home First Finance 1268 1500 18% KAYNES 5478 7300 33% Home First Finance HomeFirst, with 155 branches across 13 states, is sharpening its focus on emerging states with strong infra growth. Technology remains its key differentiator, with 50%+ of sourcing now fully digital and ~75% Account Aggregator penetration as of FY25. Having recently received a credit rating upgrade from both ICRA and India Ratings, coupled with the 50bps repo rate cut by the RBI, HomeFirst is expected to lower its cost of borrowing while supporting NIM expansion. Its strong fundamentals, healthy return ratios, and superior execution reinforce its position as a top Affordable Housing Fin. franchise. We estimate a 30% PAT CAGR over FY25-27E, driven by a proven model and a seasoned, transparent leadership. Kaynes Kaynes Technologies is expanding across EMS, HDI PCB manufacturing, and OSAT, targeting high-tech, high-margin segments. It aims to achieve USD 1 billion revenue by FY28, supported by strong orders in automotive, aerospace, industrial, and medical sectors, along with strategic North American acquisitions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo HDI PCB and OSAT units are expected to commercialize by 4QFY26, targeting INR25b revenue in FY27 and INR50b by FY28, with robust margins (~30%/20%). FY25 revenue rose 51% YoY to INR27b, slightly below guidance due to railway order delays. We estimate revenue/EBITDA/PAT CAGR of 57%/61%/70% over FY25–27, driven by scale and margin gains. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
12-06-2025
- Business
- Economic Times
I-Sec downgrades Home First to Add; target price Rs 1,375
Home First's key products/revenue segments include Interest, Income From Financial Services, Income From Sale Of Share & Securities, Fees & Commission Income and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Standalone Total Income of Rs 416.19 crore, up 2.15% from last quarter Total Income of Rs 407.45 crore and up 30.98% from last year same quarter Total Income of Rs 317.75 crore. The company has reported net profit after tax of Rs 104.69 crore in the latest quarter. The company's top management includes Satwalekar, Viswanathan, Mukherjee, Ostawal, Dutta Goel, Srivastava, Sehgal, Singh Juneja. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 9 Crore shares outstanding. Live Events Investment Rationale (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has downgraded Home First Finance Company India to Add from Buy with a target price of Rs 1,375. The current market price of Home First is Rs 1266. Home First Finance Company, incorporated in 2010, is a Small Cap company with a market cap of Rs 13266.40 crore, operating in the NBFC First's key products/revenue segments include Interest, Income From Financial Services, Income From Sale Of Share & Securities, Fees & Commission Income and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Standalone Total Income of Rs 416.19 crore, up 2.15% from last quarter Total Income of Rs 407.45 crore and up 30.98% from last year same quarter Total Income of Rs 317.75 crore. The company has reported net profit after tax of Rs 104.69 crore in the latest company's top management includes Satwalekar, Viswanathan, Mukherjee, Ostawal, Dutta Goel, Srivastava, Sehgal, Singh Juneja. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 9 Crore shares First Finance (Home First), in its FY25 annual report themed 'Home as the Foundation for Change', highlighted that it has built a strong base during its decade-long journey as a housing financier by challenging status quo (tech-led solution to informal segment) and is now ready to accelerate its growth journey. While it took 14 years to reach an AUM of ~Rs 100bn, it now intends to add INR 100bn in three years and achieve an AUM of Rs 200 billion by FY27, and add another Rs 150 billion in next 3 years to reach AUM of Rs 350 billion by FY30. This implies CAGR of >20% until FY30. MP (49% AUM CAGR FY20-25), UP(54%), RJ (35%), AP (72%) and Telangana (44%) may be near-term growth markets. Given the recent run-up in stock price (up 13% in 1M), ICICI Securities has downgraded it to ADD (from Buy) with an unchanged target price of Rs 1,375. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
12-06-2025
- Business
- Time of India
I-Sec downgrades Home First to Add; target price Rs 1,375
ICICI Securities has revised its rating for Home First Finance. The stock is now rated as 'Add' instead of 'Buy'. The target price remains at Rs 1,375. Home First aims for substantial AUM growth by FY30. They plan to reach Rs 200 billion by FY27 and Rs 350 billion by FY30. Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.)
Gulf Insider
18-03-2025
- Business
- Gulf Insider
Dubai Sets Rules for Home Extensions and Added Living Space
Dubai Municipality has announced new planning rules to allow home extensions and adding living space to homes in the emirate. In line with the 'Year of Community' announced by UAE President Sheikh Mohamed bin Zayed Al Nahyan, Dubai Municipality launched the 'Home First' initiative to enhance housing facilities for Emirati families. The initiative introduces a comprehensive set of urban planning amendments designed to strengthen family stability, foster social cohesion, and improve quality of life for Emirati families. 'Home First' also supports the Sheikha Hind bint Maktoum Family Programme, which was established by Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The programme aims to strengthen family bonds, promote social values, and create a sustainable residential environment that meets the evolving needs of Emirati families. As part of the initiative, Dubai Municipality has updated the Dubai Building Code to introduce greater flexibility in residential planning, enabling Emirati citizens to tailor their homes to meet their social and family needs. The new regulations allow the construction of a side family annex before the main villa, offering additional living spaces such as bedrooms, living rooms, and kitchens. Emirati homeowners can also build a separate villa for a son within the existing family property, ensuring efficient space utilisation and privacy while maintaining strong family ties. The initiative allows families to expand their villas with a full 100 per cent extension on the second floor. Setback regulations have also been revised, reducing the minimum setback for villas to 1.5m and introducing an additional 1.5m setback for rooftop floors across all construction boundaries. Additionally, setbacks between service annexes and the main villa have been removed, with the updated regulations permitting service annexes to reach a height of up to eight metres across two floors. Townhouses can now be built adjacent to each other across two plots, improving urban planning efficiency while ensuring architectural harmony. Marwan Ahmed bin Ghalita, Acting Director-General of Dubai Municipality, said: 'The Home First initiative reinforces Dubai Municipality's commitment to a flexible and sustainable urban planning framework that supports family well-being and community stability. 'These new allowances provide Emirati families with adaptable housing facilities that meet their evolving needs while upholding Dubai's high architectural standards. 'The initiative aligns with the goals of the Dubai Social Agenda 33, which aims to position Dubai as the world's best city for living, housing services, and community well-being. 'By implementing these measures, we are fostering a dignified and inclusive living experience that enhances the happiness and prosperity of all citizens.' Dubai Municipality invites Emirati citizens to explore the initiative's benefits by visiting its official website for detailed information on the required documentation or contacting its call centre at 800 900. Dubai Municipality remains committed to continuously enhancing construction-related services, regulations, and building codes while overseeing licensing, construction activities, and strategic urban planning. These efforts support the development of a smart, sustainable, and globally competitive construction sector, ensuring the highest quality of life in line with international urban planning and sustainability standards in the emirate. Also read: Dubai Hosts First Ever International Sports Entertainment Free Zone Cluster
Hi Dubai
18-03-2025
- Business
- Hi Dubai
Dubai Municipality Launches ‘Home First' to Enhance Housing for Emirati Families
In alignment with the 'Year of Community' initiative announced by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Dubai Municipality has introduced the 'Home First' initiative to enhance housing facilities for Emirati families. This initiative introduces key urban planning amendments aimed at strengthening family stability, fostering social cohesion, and improving quality of life. It also supports the Sheikha Hind bint Maktoum Family Programme, which focuses on reinforcing family bonds and creating a sustainable residential environment for Emirati households. As part of 'Home First,' Dubai Building Code updates now allow greater flexibility in residential planning. Key amendments include: Side family annex construction before the main villa, providing additional living spaces. Separate villas for sons within the family property to balance privacy and togetherness. 100% extension allowance on the second floor to maximize space. Revised setback regulations, reducing minimum setbacks to 1.5 metres and allowing annexes to reach eight metres across two floors. Adjacent townhouses can now be built across two plots, improving urban efficiency. Marwan Ahmed bin Ghalita, Acting Director-General of Dubai Municipality, emphasized that 'Home First' reflects a flexible and sustainable urban planning vision, aligned with Dubai Social Agenda 33, which aims to make Dubai the world's best city for housing and community well-being. Emirati citizens are encouraged to explore the initiative's benefits by visiting Dubai Municipality's official website or contacting its call centre at 800900. With a focus on sustainability and innovation, Dubai Municipality continues to refine construction regulations to enhance quality of life for all residents. News Source: Emirates News Agency
