India's Aptus Value Housing rises on strong Q4 business update

Aptus Value Housing Finance India

06/04/2023 07:27

** Shares of Aptus Value Housing  APTS.NS  rise as much as
3.22% to 246.70 rupees, highest since March 31
    ** Home loan provider posts 30% year-on-year growth in
disbursements in March quarter to 6.77 bln rupees 
    ** Assets under management rise 30% to 67.30 bln rupees, as
of March 31, according to Q4 business update
    ** Gross non-performing loans fall 29 bps to 1.15%,
indicating improvement in asset quality
    ** Of the nine analysts tracking APTS, seven maintain "buy",
one suggests "sell" and one recommends "hold"; median PT is 335
rupees





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