India's Aavas Financiers rises after brokerages back growth outlook, CEO change

Aavas Financiers

21/04/2026 08:25

** Shares of India's Aavas Financiers AVAS.NS jump 2.94% to 1,395.70 rupees

** The affordable housing finance company on Monday appointed Manu Yeshpal Singh as managing director and CEO, and Ghanshyam Rawat as CFO

** Citi ("buy", TP: 2100 rupees) says appointment of former Kotak Housing Finance executive Manu Singh as CEO signals resolution of promoter-management friction and restores strategic clarity

** Brokerage sees potential growth acceleration and productivity scale-up under new leadership

** Axis Capital ("buy", PT: 1,500 rupees) says leadership change aligns with private-equity promoter's push to accelerate AUM growth

** Brokerage says asset quality and margins remain healthy, supporting growth outlook

** YTD, stock down 7.4%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))