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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...

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