Aavas Financiers hits new high; surges 35% in three months

The stock rose 3% to hit a new high of Rs 930, its highest level since listing on October 8, 2018.

Shares of Aavas Financiers hit a new high of Rs 930, rising 3 per cent on the BSE in intra-day trade on Wednesday. The stock was trading at its highest level since listing on October 8, 2018.

The stock of housing finance company has outperformed the market by surging 13 per cent since January 30, after it reported a healthy result for December 2018 (Q3FY19). In comparison, the S&P BSE Sensex was up 1 per cent during the same period.

Aavas Financiers (formerly known as Au Housing Finance), is a retail, affordable housing finance company, primarily serving low and