Within the space, Kotak's preferred names are Aadhar Housing Finance and Aavas Financiers, citing their positioning and growth potential. It also finds Aptus Value attractive for its profitabilty
n the past three years, the stock has fallen 24 per cent owing to issues surrounding its founder's exit and consequent change in promoter from Kedaara Capital/Partners group to CVC Capital Partners
Aavas Financiers stock can potentially crack to ₹1,281 levels, implying a downside risk of nearly 20 per cent from here owing to the formation of 'Death Cross' pattern, suggests the daily chart.
Elara Capital flags scale challenges for the affordable housing sector, expects ROE to decline to 15-16 per cent from 18-20 per cent; check recommendations