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
Aavas Financiers share price rose 2.3 per cent in trade on Thursday after its board has approved the issuance of up to 20,000 NCDs of the aggregate nominal value of up to ₹200 crore
Aquilo House Pte. Ltd. has acquired 17.8 million equity shares, or 22.5 per cent stake, in Aavas Financiers pursuant to the mandatory tender offer on March 21, 2025
SBI Mutual Fund, under its various schemes, has disposed net sale of 7.54 million shares representing 9.53 per cent of the equity capital of Aavas Financiers via offer for sale.
Aavas Financiers share price: Assets under Management (AUM) of the company grew by 20% year-on-year and stood at Rs 19,238 crore as on December 31, 2024
The rise in Aavas Financiers came after the company approved issuance of non-convertible debentures (NCDs) to raise Rs 630 crore.
Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.
Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.
Kedaara Capital and Partners Group, promoters of Aavas Financiers, on Tuesday divested 12.6 per cent in the housing finance company for Rs 1,369 crore through open market transactions. Private equity firm Kedaara Capital through its affiliate Lake District Holdings Ltd have sold the shares of Aavas Financiers, while Partners Group through its entities Partners Group ESCL and Partners Group Private Equity (Master Fund) LLC disposed of shares of Aavas on the National Stock Exchange (NSE). As per the bulk deal data available on the NSE, Lake District Holdings sold 58.39 lakh shares of Aavas Financiers, while Partners Group ESCL and Partners Group Private Equity (Master Fund) offloaded a total of 41.57 lakh shares of the housing finance company. These entities have collectively sold 99,96,950 shares, which represents a 12.6 per cent stake in Aavas Financiers Ltd. The shares were disposed of within the price range of Rs 1,370-1,370.20 apiece, taking the combined transaction value to Rs
Overall, as many as 464 stocks among the Nifty 500 were seen trading above the 200-DMA highlighting the underlying positive sentiment in the market.
SmallCap World Fund on Wednesday sold a 1.6 per cent stake in Aavas Financiers for Rs 173 crore through an open market transaction. According to the bulk deal data available with the BSE, SmallCap World Fund Inc offloaded more than 12.84 lakh shares, amounting to a 1.6 per cent stake in Aavas Financiers. The shares were sold at an average price of Rs 1,349.94 apiece, taking the deal value to Rs 173.43 crore. Post the latest transaction, SmallCap World Fund's shareholding has been reduced to 6.39 per cent from the 7.99 per cent stake at the end of March. Details of the buyers could not be ascertained. Shares of Aavas Financiers closed on a flat note at Rs 1,351 per piece on the BSE.
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
Finance Minister Nirmala Sitharaman on Tuesday in the Union Budget 2022 speech said that Rs 48,000 crore is allotted for PM Awas Yojana.
The stock slid 3.7 per cent on the BSE Sensex to end at Rs 2,385 on Friday and is down 10.1 per cent since August 17
Two promoters of AAVAS Financiers Ltd on Friday offloaded shares worth over Rs 751 crore, through open market transactions
IIFL Wealth Management is heading towards a new all time high, as per charts
Thus far in the month of February, Aavas Financiers has outperformed the market by gaining 28 per cent