India's Aptus Value Housing up 2% on strong AUM growth view

Aptus Value Housing Finance India

11/04/2023 09:45

** Shares of Aptus Value Housing Ltd  APTS.NS  rise as much
as 2.4% to 245.75 rupees
    ** Axis Securities Equity Research expects the home loan
provider's disbursement momentum to pickup Q-o-Q, resulting in
healthy assets under management (AUM) growth of ~31% Y-o-Y
    ** Also says net interest margin to expand by nearly 8-10
bps; Credit costs to remain flat Q-o-Q
    ** About 119,370 shares change hands by 2:00 p.m. IST vs
30-day avg of 832,550 shares
    ** Moving average convergence divergence (MACD) line is over
the signal line, suggesting bullish momentum
    ** Of the nine analysts covering APTS, seven have a "buy" or
"strong buy" rating, one has "hold" while one rates it at
"sell"; median PT is 335 rupees - Refinitiv data
    ** Stock down ~21% so far this year, as of last close


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))