AAVAS Financiers stock rises 2%

Shares of AAVAS Financiers rose 2% on the BSE after a brokerage and research firm initiated coverage on the stock with a "Buy" rating.

Dec 12, 2018 06:12 IST India Infoline News Service

AAVAS Financiers
Shares of AAVAS Financiers rose 2% on the BSE after brokerage and research firm Citi initiated coverage on the stock with a "Buy" rating with a price target of Rs930, implying a potential upside of 18% from the last regular trade, as per media reports.

The brokerage firm expects the company's AUM and profit to grow at a CAGR of 35%-33%, respectively, over FY18-21.

AAVAS Financiers Ltd is currently trading at Rs804.95 up by Rs15.55 or 1.97% from its previous closing of Rs789.40 on the BSE.

The scrip opened at Rs782.40 and has touched a high and low of Rs813.20 and Rs782.40 respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52-week high of Rs802.75 on December 5, 2018 and a 52-week low of Rs611.50 on October 31, 2018. Last one week high and low of the scrip stood at Rs802.75 and Rs750 respectively.

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