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Home First shares gain 23% in intra-day trade before ending flat on debut

Stock touched a high of Rs 640 and a low of Rs 522 on the NSE, where Rs 1,445 cr worth of shares changed hands; issue price was Rs 518

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain
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Samie Modak Mumbai
Shares of Home First Finance Company India ended at Rs 527.4, with a gain on less than 2 per cent over its issue price of Rs 518 during their stock market debut on Wednesday. The stock, however, gained as much as 23 per cent in intra-day trade. It touched a high of Rs 640 and a low of Rs 522 on the NSE, where Rs 1,445 crore worth of shares changed hands. Home First’s Rs 1,150-crore IPO last month had garnered 27 times subscription. The company, backed by private equity major Warburg Pincus, is mortgage lender focused on low and

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