India's Aavas Financiers rises on strong quarterly business update

Aavas Financiers

05/04/2023 06:59

** Shares of Aavas Financiers  AVAS.NS  rise as much as
2.66% to 1674.90 rupees, post their biggest intraday pct gain
since March 1 
    ** The housing finance co reports a 17% YoY rise in
disbursement to 15 bln rupees in the March quarter
    ** Assets under Management (AUM) rises 24% to 141 bln
rupees, according to provisional numbers for Q4
    ** Trading volume is 69,205 shares, 0.6x the 30-day avg of
121,031 shares - Refinitiv data
    ** Of the 14 analysts tracking AVAS, nine maintain "buy",
one suggests "sell" and four recommend "hold"; median TP is
2,346 rupees



 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))