Whalesbook
International brokerage Bernstein has reiterated an 'Outperform' rating on Home First Finance, setting a target price of Rs 1,650, implying a 38% potential upside. Bernstein views the company as a durable player in affordable housing finance, noting that stronger margins and improving fee income outweigh a soft second quarter marked by slower disbursements and a mild rise in early delinquencies. The brokerage will monitor loan growth and credit costs but sees structural positives supporting medium-term earnings.