Shares of Aavas Financiers Ltd up 6.3% at 1,544 rupees, their highest since Jan. 17.
Mortgage bank lender’s assets under management (AUM) up 22% y/y as of March-end, disbursements up 20%.
Citi believes AVAS can maintain margins despite rise in financing costs, sees AUM rising 24% in FY25 and 25% in FY26.
Jefferies maintains “Buy”, with PT of 1,940 rupees; says it sees growth improving on the back of tech rollout, other initiatives.
Around 630,000 shares traded vs 30-day avg of ~691,000 shares.
Nineteen analysts tracking AVAS rate it “Buy” on avg; median PT is 1,692.5 rupees – LSEG data.
Stock turns YTD positive to trade up 0.6%.
