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This small-sized housing finance company shines amid challenging times

Considering Aavas’s growth potential, we believe that the premium valuation will sustain

October 06, 2020 / 03:22 PM IST
This small-sized housing finance company shines amid challenging times

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

Aavas Financiers (CMP: Rs 1,438; Mcap: Rs 11,274 crore), a mid-cap affordable housing finance company, was one of the best performing stocks -- rising 131 percent -- in 2019. Undoubtedly, this was on the back of its business which was going from strength to strength, and was reflected in strong earnings growth in FY20. We had spotted this stock around the peak of liquidity crisis in end-2018 and suggested that Aavas will not only survive but will also manage to...

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