HOMEFIRST - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | HOMEFIRST | Market Cap | 10,256 Cr. | Current Price | 984 ₹ | High / Low | 1,519 ₹ |
| Stock P/E | 20.7 | Book Value | 386 ₹ | Dividend Yield | 0.38 % | ROCE | 11.4 % |
| ROE | 16.5 % | Face Value | 2.00 ₹ | DMA 50 | 1,105 ₹ | DMA 200 | 1,153 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -1.23 % | PAT Qtr | 140 Cr. | PAT Prev Qtr | 132 Cr. |
| RSI | 33.2 | MACD | -43.8 | Volume | 13,73,642 | Avg Vol 1Wk | 6,63,949 |
| Low price | 839 ₹ | High price | 1,519 ₹ | PEG Ratio | 0.76 | Debt to equity | 2.40 |
| 52w Index | 21.4 % | Qtr Profit Var | 44.0 % | EPS | 49.4 ₹ | Industry PE | 14.1 |
📊 Analysis: HOMEFIRST is trading at ₹984, well below its 50 DMA (₹1,105) and 200 DMA (₹1,153), reflecting short-term weakness. RSI at 33.2 indicates oversold conditions, while MACD (-43.8) remains negative, confirming bearish momentum. Current volume (13.7 Lakh) is significantly higher than the weekly average (6.6 Lakh), showing strong intraday participation. Valuation is moderate with a P/E of 20.7 compared to industry PE of 14.1, supported by robust quarterly profit growth.
💡 Optimal Buy Price: ₹975–₹980 if support holds.
🎯 Profit-Taking Levels: ₹1,000 (first resistance), ₹1,025 (second resistance).
🛡️ Stop-Loss: ₹960 (below intraday support).
⏱️ If Already Holding: Exit near ₹1,000 if momentum stalls or RSI fails to cross 38 intraday. If price breaks below ₹960 with volume, cut positions quickly to protect capital.
Positive
- Quarterly PAT growth from ₹132 Cr. to ₹140 Cr. shows earnings improvement.
- EPS of ₹49.4 supports valuation strength.
- PEG ratio of 0.76 indicates attractive valuation relative to growth.
- FII holdings increased (+0.83%), showing foreign investor confidence.
Limitation
- Trading below DMA levels signals weak trend strength.
- High debt-to-equity ratio (2.40) compared to peers.
- DII holding decreased (-1.23%), showing reduced domestic institutional confidence.
- Dividend yield of 0.38% is modest.
Company Negative News
- MACD remains negative, showing bearish momentum.
- Stock corrected sharply from 52-week high of ₹1,519 to current levels.
Company Positive News
- Quarterly profit variation of 44.0% indicates strong earnings momentum.
- Active intraday participation with volume significantly above weekly average.
Industry
- Housing finance sector benefits from rising demand in affordable housing.
- Industry PE at 14.1 indicates HOMEFIRST trades at a premium valuation.
Conclusion
⚖️ HOMEFIRST has strong earnings growth and attractive PEG ratio but weak intraday momentum. It is a cautious intraday candidate with limited upside unless RSI recovers and MACD turns positive. Best suited for speculative quick trades near support levels with strict stop-loss discipline.
Selva, this one looks like a premium housing finance play with oversold intraday signals. If you’d like, I can prepare a peer benchmarking overlay (LIC Housing Finance, Can Fin Homes, PNB Housing Finance) to compare intraday strength across the housing finance basket. That way, you’ll know if HOMEFIRST is lagging or leading its sector peers today. Would you like me to generate that comparison?