AAVAS Financiers Ltd Share Price – NSE  /  BSE

Finance, Small Cap

AAVAS Financiers will hold a meeting of the Board of Directors of the Company on 25 April 2024.

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The company’s disbursements are higher by 39% as compared with Q3 FY24.

For the fourth quarter, the company recorded incremental borrowings of Rs 1,850 crore. The value of the incremental securitized loan portfolio for the period under review was Rs 400 crore.

AAVAS Financiers’ liquidity position as on 31 March 2024 was Rs 3,000 crore.

AUM stood at Rs 17,300 crore as on 31 March 2024, up 22% YoY.

As per BSE bulk deals data for 04 April 2024, Smallcap World Fund Inc sold 582,973 shares (equivalent of 0.01% stake) AAVAS Financiers at an average price of Rs 1,420.19 per share.

Smallcap World Fund Inc held 1.92% stake in the company as on 31 March 2024.

AAVAS Financiers is housing finance company that is engaged in providing retail home loans with focus on affordable housing segment to customers in semi-urban and rural regions. As on 31 December 2023, the company operates through a network of 351 branches in 13 states – Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Delhi, Haryana, Punjab, Chhattisgarh, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Odisha and Karnataka.

The company had reported 8.96% rise in consolidated net profit to Rs 116.72 crore on a 23.51% increase in revenue to Rs 508.07 crore in Q3 FY24 over Q3 FY23.

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Balaji Amines Ltd, Tata Chemicals Ltd, CSB Bank Ltd, Muthoot Finance Ltd are among the other stocks to see a surge in volumes on NSE today, 05 March 2024.

AAVAS Financiers Ltd witnessed volume of 117.69 lakh shares by 14:14 IST on NSE, a 68.35 times surge over two-week average daily volume of 1.72 lakh shares. The stock dropped 4.45% to Rs.1,368.00. Volumes stood at 70715 shares in the last session.

Balaji Amines Ltd registered volume of 9.75 lakh shares by 14:14 IST on NSE, a 28.87 fold spurt over two-week average daily volume of 33757 shares. The stock rose 8.54% to Rs.2,384.00. Volumes stood at 33463 shares in the last session.

Tata Chemicals Ltd witnessed volume of 85.95 lakh shares by 14:14 IST on NSE, a 12.72 times surge over two-week average daily volume of 6.76 lakh shares. The stock increased 5.03% to Rs.1,053.50. Volumes stood at 17.36 lakh shares in the last session.

CSB Bank Ltd saw volume of 17.83 lakh shares by 14:14 IST on NSE, a 12.61 fold spurt over two-week average daily volume of 1.41 lakh shares. The stock increased 6.18% to Rs.370.50. Volumes stood at 1.07 lakh shares in the last session.

Muthoot Finance Ltd recorded volume of 59.41 lakh shares by 14:14 IST on NSE, a 11.99 times surge over two-week average daily volume of 4.95 lakh shares. The stock gained 3.67% to Rs.1,387.00. Volumes stood at 4.11 lakh shares in the last session.

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AAVAS Financiers has allotted 3,310 equity shares under ESOP on 21 February 2024. With this allotment, the paid up equity share capital has increased to Rs. 79,13,97,050 consisting of 7,91,39,705 equity shares having a face value of Rs.10/- each.

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