Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock

The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.

Aptus Value Housing Finance India rallied 8 per cent to a high of Rs 321.35 on the BSE in Thrusday's intraday trade, even as the broader markets remained under pressure owing to global cues.

At 11:30 AM, the stock quoted 5.6 per cent higher at Rs 314. The counter witnessed a volume of around 74,000 shares as against its two-week daily average traded volume of around 49,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was down 0.8 per cent at 58,987.

Recently, the Citi group had initiated coverage on the stock, with a 'Buy' rating and a target