Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers. HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775. The firm foresees … Read more
Shares of Aavas Financiers jumped nearly 8% on Friday and hit the day’s high of Rs 1,551.95 on the NSE in the early trade after the housing finance company reported 20% year-on-year growth in disbursements in the quarter ended March 31, 2024 at Rs 1,890 crore. On the sequential basis, the jump was 39%, the … Read more
Realty stocks jumped up to 7.2% on Friday after the rate-setting committee of the Reserve Bank of India (RBI) left the repo rate unchanged for the seventh time in a row. Mahindra Lifespace Developers gained the most in the Nifty Realty index. The other top gainers were Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech … Read more
