Star Housing Finance is currently trading at Rs. 49.70, up by 0.70 points or 1.43% from its previous closing of Rs. 49.00 on the BSE.
The scrip opened at Rs. 50.40 and has touched a high and low of Rs. 51.00 and Rs. 48.26 respectively. So far 125214 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 82.50 on 22-Nov-2023 and a 52 week low of Rs. 34.10 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 52.00 and Rs. 46.88 respectively. The current market cap of the company is Rs. 389.59 crore.
The promoters holding in the company stood at 19.79%, while Institutions and Non-Institutions held 0.51% and 79.70% respectively.
Star Housing Finance (Star HFL) has entered into a co-lending partnership with Tata Capital Housing Finance (TCHFL). The partnership aims to leverage domain of Star HFL in low ticket affordable housing finance space and the mutual synergies arising out of operations. This agreement is expected to bolster Star HFL’s AUM growth journey. Star HFL has transitioned to a professionally run housing finance company governed by strong and independent board.
With a strong risk and governance framework, the Company has expanded to become a multi state operational company present in semi urban / rural micro markets. Star HFL branch network across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR and Tamil Nadu would be utilized in this partnership to provide housing finance assistance predominantly to home buyers in economically weaker section (EWS) and low-income group (LIG) segment.
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 purchase, construction, development and repair of houses, apartments and commercial properties in India.