Moneycontrol PRO

This housing finance company more than doubled in 2019. What should investors do now?

January 09, 2020 / 03:41 PM IST
This housing finance company more than doubled in 2019. What should investors do now?

Five Star raised $234 million from Sequoia Capital and private equity giant KKR

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In December 2018, just when non-banking lenders went through the most tumultuous time following the liquidity crisis triggered by default of IL&FS group companies, we spotted the outlier in the housing finance space - Aavas Financiers. This mid-sized affordable HFC not only managed to raise equity at the peak of the crisis in October 2018, but also managed to flourish through the tough period. Fifty-two weeks later, whoever could have imagined that Aavas would be best performing financial stock of...

  • PRO Panorama

    Moneycontrol Pro Panorama | Why markets are fearful

    Mar 20, 2023 / 03:13 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Xi reaches Moscow to resolve Ukraine crisis, IREDA IPO pricing is key to its su...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Between the Fed and a hard place

    Mar 11, 2023 / 11:38 AM IST

    The Fed is caught between combating inflation and worries over a financial mishap

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers