Star Housing Finance trades in green on entering into agreement with Singularity Creditworld

14 Mar 2022 Evaluate

Star Housing Finance is currently trading at Rs.103.00, up by 1.50 points or 1.48% from its previous closing of Rs. 101.50 on the BSE.

The scrip opened at Rs. 103.00 and has touched a high and low of Rs. 106.30 and Rs. 98.60 respectively. So far 535 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.00 on 03-Feb-2022 and a 52 week low of Rs. 66.00 on 12-Mar-2021.

Last one week high and low of the scrip stood at Rs. 107.15 and Rs. 96.05 respectively. The current market cap of the company is Rs. 169.14 crore.

The promoters holding in the company stood at 41.21%, while Non-Institutions held 58.79%.

Star Housing Finance has entered into strategic co-lending agreement to provide housing loans to EWS (Economically Weaker Section)/LIG (Low Income Group) customers with a Mumbai based NBFC - Singularity Creditworld on Bharat Housing Network Platform. The partnership aims at synergizing capabilities to provide an efficient and seamless experience to retail home loan customers, especially from the priority segment. The move is a part of the overall transformation journey where the company shall be utilizing the capacity created through geographical expansion now having a network of 7 branches and 15 digital Points of Presence across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan and Tamil Nadu.

The co-lending model provides ease of loan sanctions at borrower’s convenience through Bharat Housing Network platform, which covers end-to-end loan processing cycle with minimal manual intervention, from on-boarding of customers to loan disbursement and monitoring.

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 pur)chase, construction, development and repair of houses, apartments and commercial properties in India.

Star Housing Finance Share Price

34.73 -0.24 (-0.69%)
29-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 638.90
Housing & Urban Dev. 238.40
Bajaj Housing Financ 135.90
Sammaan Capital 167.75
PNB Housing Finance 892.05
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