It looks like Aavas is doing good fundamentally, but price has corrected a lot as compared to other stocks in the segment be it Aptus or Home First.
From 2018 till 2023, Aavas is showing healthy business growth AUM – 28% CAGR growth, PAT 36% CAGR
With Consistent Spreads and Cost of Borrowings are also not much affected by increase in interest rates.
With Price coming back to Apr 2019 levels.
There is increase in stake in FII holding
Big questions is, is the worst over with Aavas? or downtrend will continue with this stock? If private equity tries to dilute the stake from 24% where will it take this stock?
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