by Introduction
Are you considering investing in Reliance Home Finance? Understanding the company’s share prices is crucial before making any financial decisions.
As a potential investor, having access to accurate and up-to-date information about Reliance Home Finance’s share price performance is essential. Share prices can fluctuate based on various factors, including market conditions, company performance, and industry trends.
In this article, we will delve into the details of Reliance Home Finance share price Target, history, factors influencing its valuation, and expert insights on whether it presents a viable investment opportunity. Stay tuned to make informed decisions regarding your investment portfolio.
Company Overview
Reliance Home Finance Limited is an Indian company which is into housing finance. Here are a few things about the company:
- Business Loans: affordable housing loans, home loans, loan against property (LAP), construction finance. Property solutions – find home/property along with financing.
- Subsidiaries: Reliance Capital Pension Fund Limited, Reliance General Insurance Company Limited, Reliance Nippon Life Insurance Company Limited, Reliance Health Insurance Limited, Reliance Commercial Finance Limited, Reliance Securities Limited, Reliance Commodities Limited, etc.
| Term | Detail |
|---|---|
| About | Housing finance in India. Affordable housing loans, home loans, loans against property (LAP), construction finance. |
| Founding Date | June 5, 2008 |
| Headquarters | Reliance Centre, 6th Floor, South Wing, Off Western Express Highway, Santacruz East, Mumbai, India |
| Phone | +91 2 247416400 |
| Website | Reliance Home Finance |
| Head of Operations | Panchapakesan Aravind |
| Chief Financial Officer | Shanil Jain |
| Head of Information Technology | Rakesh Khosla |
| Revenue (TTM) | ₹759.41 million |
| Net Income | ₹59.76 billion |
| Key Services | Home loans Affordable housing loans Loan against property Construction finance |
Reliance Home Finance Share Price
As of latest data available RHFL share price is ₹3.68. Please note that stock prices keep changing with market dynamics so always check live data or consult a financial advisor for latest information.
Reliance Home Finance Share Price History
Read Also: Know About Share Price Target
Reliance Home Finance Share Price Target (Prediction)
Analysing RHFL Stock Price:
- Historical Performance:
- RHFL has been very volatile over the years due to market, economic and company specific factors.
- Historical data shows fluctuations with growth and corrections.
- Technical Analysis:
- Moving Averages: 50 day and 200 day moving averages provide short term and long term trends.
- If the 50 day SMA crosses above the 200 day SMA it could be a bullish signal.
- If the 50 day SMA crosses below the 200 day SMA it could be a bearish signal.
- Relative Strength Index (RSI): RSI values above 70 are overbought and below 30 is oversold.
- Traders use RSI to identify reversals.
- Fundamental Factors:
- Financials: Check RHFL’s financials like revenue growth, profit margins and debt levels.
- Industry Trends: Check housing finance industry trends, regulatory changes and interest rates.
- Company News: Keep an eye on RHFL’s announcements, mergers, acquisitions and management changes.
- Short Term Outlook:
- WalletInvestor predicts a range of ₹4.46 (upside) to ₹3.59 (downside) in next 14 days.
- Trading View suggests a positional long position with target of ₹105.38 based on fundamental analysis.
- Risk Factors:
- Market Sentiment: Global economic conditions and investor sentiment impacts stock prices.
- Company Specific Risks: RHFL’s financials, loan portfolio quality and regulatory compliance.
- Liquidity and Volume: Low liquidity can lead to exaggerated price movements.
Reliance Home Finance Share Price Target (Prediction) 2024, 2025, 2026, 2027, 2028, 2029 and 2030
Reliance Home Finance Ltd (RHFL) stock price information for 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Here’s a summary:
| Year | First Target | Second Target |
|---|---|---|
| 2024 | Around ₹4.67 | Approximately ₹5.52 |
| 2025 | Around ₹6.01 | Approximately ₹6.05 |
| 2026 | Around ₹5.90 | Approximately ₹6.30 |
| 2027 | Around ₹6.35 | Approximately ₹6.95 |
| 2028 | Around ₹7.20 | Approximately ₹7.90 |
| 2029 | Around ₹8.30 | Approximately ₹9.45 |
| 2030 | Around ₹10.15 | Approximately ₹10.30 |
Reliance Home Finance Share Price Screener
Here’s an overview of Reliance Home Finance Ltd (RHFL):
| Term | Value |
|---|---|
| Market Cap | ₹188 Cr. |
| Price-to-Earnings (PE) Ratio | Not applicable (negative) |
| Book Value | ₹-1.59 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | -17.2% |
| Return on Equity (ROE) | Not available |
| Sales | ₹0.16 Cr. |
| Operating Profit | ₹0.18 Cr. |
| Net Profit | ₹0.16 Cr. |
| Earnings Per Share (EPS) | ₹0.13 |
Reliance Home Finance Latest News
Here’s the latest news on Reliance Home Finance Ltd (RHFL):
- Voluntary Exit from Home Finance Business:
- RBI has given approval for RHFL’s voluntary exit from home finance business.
- Authum Investment and Infrastructure Ltd which acquired RHFL a year ago has proposed voluntary liquidation.
- Takeover by Autumn:
- Autumn Investments and Infrastructure has completed a ₹3,351 crore takeover of RHFL, a big relief for a debt ridden NBFC outside the bankruptcy courts.
- Q3 FY24 Results:
- RHFL has announced Q3 FY24 results, revenue has decreased by 99.89% YoY.
- Loss has decreased by 98.97% YoY.
- Debt Resolution and Liquidation:
- RHFL is under a debt resolution process and voluntary exit from the home finance business is part of that.
- Authum Investment and Infrastructure as the new owner is managing the company’s financial restructuring.
- Challenges and Market Conditions:
- RHFL was facing liquidity issues and debt defaults in the past.
- Housing finance sector in India is impacted by regulatory changes, economic fluctuations and market sentiment.
- Investor Sentiment and Future Prospects:
- Investor sentiment towards RHFL is cautious given its past and financial struggles.
- Company’s future depends on how it addresses debt, simplifies operations and adapts to market changes.
Reliance Home Finance Chairman
Ravindra Sudhalkar is the CEO and Executive Director of Reliance Home Finance Ltd (RHFL). He has rich experience from his previous roles, including Senior Executive Vice President & Head – Secured Assets at Kotak Mahindra Bank. Ravindra has managed a book size of over ₹30,000 crore (US$4.5 billion) in mortgage lending.
Why Reliance Home Finance is Falling
Reasons for decline in Reliance Home Finance Ltd (RHFL) stock:
- Financial Performance:
- RHFL’s revenue has decreased by 99.76% YoY in March 2024.
- Loss has decreased by 98.97% YoY.
- Market Sentiment and Challenges:
- Investor sentiment is cautious as RHFL has a history of liquidity issues and debt defaults.
- Housing finance sector in India is going through regulatory changes and market volatility.
- Technical:
- Stock is 35.86% away from 52-week high.
- Moving Averages and other indicators may help.
Is Reliance Home Finance share good to buy?
Is Reliance Home Finance Ltd a buy now? Price Trend by Moving Averages and other indicators is Semi Strong which means the price of Reliance Home Finance Ltd will Rise-somewhat in short term. But please check the rating on Quality and Valuation before investing.
Reliance Home Finance Ltd (RHFL) is going through tough times, liquidity issues and debt defaults. Here are the points to consider
- Current Share Price: As of June 26, 2024 the stock price is ₹3.88.
- Financial Performance:
- RHFL’s revenue has decreased by 99.76% YoY in March 2024.
- Loss has decreased by 98.97% YoY.
- Market Sentiment and Challenges:
- Investor sentiment is cautious as RHFL has a history of liquidity issues and debt defaults.
- Housing finance sector in India is going through regulatory changes and market volatility.
What happened to Reliance Home Finance?
The Reserve Bank of India (RBI) has given nod to Reliance Home Finance’s exit from the home finance business. Authum Investment and Infrastructure Ltd which acquired Reliance Home Finance a year ago has proposed for voluntary liquidation.
Reliance Home Finance Ltd (RHFL) has undergone many changes recently:
- Voluntary Exit from Home Finance Business:
- RBI has given approval for RHFL’s voluntary exit from the home finance business.
- Authum Investment and Infrastructure Ltd which acquired RHFL a year ago has proposed for voluntary liquidation.
- Surrender of Certificate of Registration:
- RHFL which was an arm of Anil Ambani’s Reliance Capital has surrendered its certificate of registration to National Housing Bank.
- RBI has cancelled its licence.
- Takeover by Autumn:
- Autumn Investments and Infrastructure has completed ₹3,351 crore takeover of RHFL, a big resolution for a debt laden NBFC outside bankruptcy courts.
Who is the owner of Reliance Home Finance?
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group.
Is Reliance Home Finance a Good Buy
Price Trend by Moving Averages and other indicators is Semi Strong which means the price of Reliance Home Finance Ltd will Rise-somewhat in short term. But please check the rating on Quality and Valuation before investing.
Reliance Home Finance Owner
Ravindra Sudhalkar is the CEO and MD of the company. Reliance Home Finance Limited (RHF), a 100% subsidiary of Reliance Capital, offers home loans, LAP, construction finance and affordable housing loans.
