Home First Finance listing on BSE: Bumper debut boosts share price to Rs 612.15; Anil Singhi gives investment strategy

The Market Guru called the listing Home First Finance excellent, and it was in line with what he had suggested earlier. On his strategy for trading in this stock, Singhvi said that the investor should keep the stop loss at Rs 575. He said that they should book profits at Rs 575.

He said that long term investors can also hold Home First Finance stock. He also said that there could be some initial hiccups considering demand-supply situations and the Home First Finance stock may eventually move ahead. All those who have put their money in this Home First Finance IPO have to manage their risks so that their profits remain protected. 

If somebody wants to hold Home First Finance stock, then it is advised that he should keep it for the target price of Rs 650 and Rs 700.

In another show he had said that Home First Finance investors could even hold this stock as there are no problems with regards to the business, quality, and management. He had said that there is no rush to exit the stock. Valuations are comfortable and long-term investors can hold on to the stock. 

Home First Finance Company issue price was at Rs 518 and this share was subscribed 27 times. Zee Business Managing Editor had advised investments in this public issue for listing gains. He had said that this stock would see a listing at a premium around 30-35 per cent.

Home First Finance company has raised around Rs 1153 from the IPO. The Managing Editor said that he was of the view that any IPO is worth a look if it promises a listing gain of at least 15-20 per cent. He had said that he expected a strong listing of Home First Finance stock. Pic Source: Home First Finance Website