AAVAS Financiers Ltd Share Price (AAVAS)

AAVAS Financiers Q4 Disbursements Up 20% - 08 Apr, 2024

AAVAS Financiers reported a 20% increase in Q4 disbursements to Rs 1,890 crore and a 22% increase in assets under management to Rs 17,300 crore. The company has been expanding with the addition of 21 new branches in FY24. IDBI Capital expects AUM to grow at a CAGR of 21% in FY23-26 due to a large market opportunity in affordable housing. However, there are concerns about low return on capital employed and reduced stake by FIIs.

Aavas Financiers Reports Strong Growth in Disbursements and Assets - 05 Apr, 2024

Aavas Financiers reported a 20% YoY increase in disbursements to Rs 1,890 crore during Q4 FY24, while its AUM rose 22% YoY to Rs 17,300 crore. Citigroup maintained a buy rating on the stock with a target price of Rs 1830.

Aavas Financiers Records Surge in Volume; Smallcap World Sells Stake - 04 Apr, 2024

Shares of Aavas Financiers surged by 4.48% to close at Rs 1,458.30 after recording a 10.48 times surge in volume. Capital Group's affiliate, Smallcap World Fund, sold a 1.27% stake in the company for Rs 143 crore through open market transactions.

AAVAS Financiers Ltd sees 8.71 fold spurt in volume - 03 Apr, 2024

AAVAS Financiers Ltd saw a significant increase in trading volume, with 2.43 lakh shares traded on the BSE by 10:46 IST, an 8.71 fold spurt over two-week average daily volume of 27903 shares.

Institutional Investors Hold Over 50% Stake in AAVAS Financiers - 02 Apr, 2024

AAVAS Financiers has over 50% institutional investor ownership, which could strongly influence board decisions. The recent market cap gain of ₹4.9b may be appreciated by these investors after a year of losses. General public holds an 11% stake and private companies hold 23%.

Aavas Financiers Ltd. Maintains Buy Rating with Target Price of Rs 1,775 - 22 Mar, 2024

Aavas Financiers Ltd. is expected to see healthy momentum in disbursements and loan growth, driven by micro, small, and medium enterprise lending. The company expects non-housing loans portfolio share to expand to 35%, while guiding for spreads at ~5%. Opex remains elevated as the company invests in its franchise, but costs are expected to start moderating in FY25/FY26E. Return on asset/return on equity is expected to be 3.2%/14.7% in FY25E.

AAVAS Financiers Ltd Expected to See Growth in Disbursements - 18 Mar, 2024

AAVAS Financiers Ltd's AUM growth remained steady at 23% y-o-y, and disbursements are expected to pick up aided by technology transformation. The company's strong execution model has led to an improvement in collection efficiency. Analysts are bullish on the company due to sector growth prospects and management measures.