Aavas Financiers hits new high, zooms 116% thus far in 2019

FPIs' stake in Aavas Financiers stood at the highest level at 18.07 per cent at the end of September 30, 2019.

Shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE on Tuesday, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs).

Share price of the company has surged 116 per cent from Rs 851 on the BSE. Aavas Financiers is the fourth most value creators among the S&P BSE 500 index in CY19. In comparison, the benchmark S&P BSE Sensex has gained 13 per cent during the same period.