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Aavas Financiers shares rally 12%, hit fresh lifetime high

Thus far in the month of February, Aavas Financiers has outperformed the market by gaining 28 per cent

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SI Reporter Mumbai
Shares of Aavas Financiers, on Tuesday, surged 12 per cent intra-day and hit a record high of Rs 2,320 on the BSE on expectation of earnings improvement. The stock of the housing finance company surpassed its previous high of Rs 2,113, touched on January 5, 2021.

Thus far in the month of February, Aavas Financiers has outperformed the market by gaining 28 per cent, after the government, in the Budget 2021-22, extended the affordable housing tax holiday up to March 2022. In comparison, the S&P BSE Sensex was up 6 per cent during the same period.

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