Aavas Financiers

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

Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds

Despite the gains over the past 2 sessions, the stock of AAVAS Financiers has underperformed the market by gaining 7 per cent in the past 3 months relative to a 14.4-per cent rally in the S&P Sensex

The value of these shares, at Rs 1,515.2 apiece is Rs 530.3 crore, as per data from the exchange

According to bulk deal data available on the BSE, AU Small Finance Bank offloaded a total of 35,00,000 shares at an average price of Rs 1,515.16 per share. This values the deal at Rs 530.30 crore

Aavas Financiers on Tuesday said its board has approved plans to raise up to Rs 100 crore by issuing bonds on private placement basis. The executive committee of the board at their meeting held on October 20, 2020, approved the issuance of rated, secured, redeemable, listed, non-convertible debentures having a face value of Rs 10 lakh, aggregating up to Rs 100 crore, Aavas said in a regulatory filing. Promoted by Kedaara Capital and Partners Group, Aavas is primarily engaged in the business of providing housing loan to customers belonging to low and middle-income segment in semi-urban and rural areas. Shares of Aavas Financiers settled at Rs 1,486.85 apiece on BSE, down 0.98 per cent from its previous close.

The company had posted a net profit of Rs 45.3 crore in the corresponding quarter of the previous fiscal year

Experts say Avenue Supermarts is a classic example of how well-managed companies with growth potential can reap benefits of low cost of capital.

The stock has been the second-highest value creator among S&P BSE500 stocks

Thus far in the calendar year 2019, the stock has zoomed 129 per cent from the level of Rs 851 on the BSE

FPIs' stake in Aavas Financiers stood at the highest level at 18.07 per cent at the end of September 30, 2019.

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

The RBI, on Friday, increased household income limit for borrowers of non-banking finance company - Microfinance Institutions (NBFC-MFIs) to Rs 1.25 lakh for rural areas.

Foreign portfolio investor stake in the company has increased to 16.57 per cent as on June 30, 2019, against 11.56 per cent at the end of December 2018 quarter.

Shares of Aavas Financiers, a firm focused on providing housing loans to low- and middle-income groups in semi-urban and rural areas, ended six per cent below IPO price during their stock market debut on Monday. Shares of the company closed at Rs 771 compared to the issue price of Rs 821. The stock dropped as much as 13 per cent to Rs 710 intra-day on the National Stock Exchange (NSE), where Rs 2.7 billion worth of shares were traded. Market players said the listing day performance wasn't bad considering that meltdown in the market-and non-banking stocks in particular-seen this month. Aavas Financier's Rs 17.3-billion IPO, which closed on September 27, had garnered only 97 per cent subscription. Through the IPO, the Rajasthan-based housing finance company issued fresh shares worth Rs 4 billion. Private equity firms Lake District, Partners Group and Kedaara Capital also sold part of their holdings in the IPO. At current market rate, the company is valued at Rs 60 billion. Analysts say .