Akme Star zooms as Arkfin Investments invests around USD 2 million

Shares of Akme Star gained around 18 per cent intraday on Thursday as the company announced that Arkfin Investments invested ~USD 2 Million or 15.5 Crores in Akme Star Housing finance. 

Arkfin Investments Private Limited (ARKFIN) is a financial services group. Akme Star HFC is adding footprints in Indore, Pune, Mumbai, and Chennai markets and will soon roll out its products and services targeting the first time home buyers purchasing own homes in projects qualifying under Pradhan Mantri Awas Yojana (PMAY). 

Akme Star Housing Finance Ltd. is engaged in providing home loans and mortgage loan. It offers home loans for construction and development of residential buildings, funds for the construction of houses, loan against home properties and to carry out housing finance activities in the country and other related services. 

The shares of Akme Star Housing Finance on Thursday opened at Rs. 66.30 as against previous close of Rs 60.80 per share on the BSE. At 11:51 hours the stock was trading at Rs 70, gaining 15.13 per cent. The stock hit an intraday high of Rs. 71 and intraday low was Rs. 62.35. Its 52-week high was Rs. 82.95 and 52-week low was Rs. 35 per share on the BSE.