Smallcap World Fund Boosts Investment in Home First Finance Company

Smallcap World Fund Inc. has recently enhanced its investment in Home First Finance Company India, increasing its ownership by nearly 3%. This strategic move elevates the fund’s total stake in the company to over 7%, reflecting a confident outlook on Home First’s growth potential. Following this announcement, the company’s share price witnessed a notable uptick, climbing nearly 2% to reach ₹1,175.80 on the BSE.

Increase in Shareholding and Market Activity

As of December 2, 2024, Smallcap World Fund Inc. held approximately 5,013,701 equity shares in Home First Finance, representing a 5.61% stake. On April 30, 2025, the fund made a significant acquisition of an additional 3,023,818 shares, translating into a 2.94% increase in ownership. With this latest purchase, Smallcap World Fund’s total shareholding in Home First Finance Company has now surged to 7.81%, equating to 8,037,518 shares.

Current Shareholding Structure and Trends

According to the most recent data from the quarter ending March 2025, the shareholding landscape of Home First Finance Company India Ltd. shows that promoters hold 12.47% of the shares, totaling 1,28,35,183 shares. The remaining 87.53% is owned by public shareholders, among whom Foreign Portfolio Investors (FPIs) command a significant 36.53% stake.

Remarkable Performance of Home First Finance Shares

The performance of Home First Finance shares has been impressive, with an 18% rise over the last month and a 12% increase year-to-date (YTD). Over the past year, the small-cap stock has appreciated by 31%, showcasing robust growth. Moreover, investors who held shares over the past three years have seen a remarkable 50% return.

At 11:45 AM, Home First Finance shares were trading at ₹1,166.60, marking a 1.25% increase, and giving the company a market capitalization exceeding ₹12,035 crore.

For more insights into the stock market and investment opportunities, check out our latest articles and expert analyses!