India's Aavas Financiers rises after Goldman retains 'buy' on strong growth prospects

Aavas Financiers

19/06/2025 06:36

** Shares of housing finance company Aavas Financiers AVAS.NS rise as much as 2.5% to 1,868.1 rupees apiece; last up 1.5%

** Goldman Sachs reiterates "buy" with a target price of 2,277 rupees, implying a potential upside of 21%

** After hosting AVAS management, Goldman Sachs sees gains from demand uptick in rural India and government's affordable housing focus

** Brokerage estimates AVAS to clock earnings per share CAGR of 16% across fiscal years 2025 to 2027

** Average rating of 20 analysts tracking AVAS is "buy"; median price target is 2,086 rupees - data compiled by LSEG

** Shares up 8.5% in 2025 so far, outperforming the 2.2% rise in Nifty 500 index .NIFTY500

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))