Buy Housing Financers, Target Price Rs. 2055: Axis Securities

Buy Housing Financers, Target Price Rs. 2055: Axis Securities

Axis Securities has a call to buy on AAVS Financers with a target price of Rs 2055. The current market price of AAVA financiers is Rs 1864.6. The period given by the analyst is one month when the cost of AAVS financiers can reach the defined target. AAAV Financers, included in 2011, is a mid -cap company with a market cap of 14751.61 crore, operating in the NBFC sector.

AAAV Financers’ key products/income segment includes interest, income from financial services, fees and commission income, and income from the sale of shares and securities for the year ending 31 -MM 2014.

Financial
In the quarter ended 31-03-2024, the company paid Rs. The total revenue of 546.80 crore has been recorded, which is Rs. Compared to 509.26 crore, it is 7.37% and the total revenue of the same quarter last year was Rs. 450.40 crore. In the latest quarter, Rs. The company has registered a net profit after tax of Rs 142.48 crore.

The top management of the company includes Sreesandeep Tandon, Sreesachindrapal Singh Jitendra Singh Bhindar, Shri Kalp’s Kaushik Mazumdar, Mrs. Somya Rajan, Srinishant Sharma, Mr. Manas Tandon, Mr. Rahul Mehta, Shri. The company has SR Batliboi and Associates LLP as its iTors detector. As of 31-12-2024, the company has a total of 8 crore shares.

Investment

Housing Financier has created a strong base around 1640 on a weekly chart, which 1307? 50% of the 1979 rally arranged with Fibonacci retracement, and has risen sharply. The stock has been in accumulation since November 2024 and recently from its consolidation area of ​​Rs. Broke between 1750 and 1640, indicating the beginning of the fresh uptrend. An increase in volume at a breakout, highlights the strong market partnership, and recognizes it. It closed above the upper bowler band on the weekly deadline, the signaling side of the side increased. Weekly RSI tends to upward from its reference line, strengthening a positive outlook. The above analysis indicates a sidewalk of the 1996-2055 level. The holding period is 3 to 4 weeks.

Promoter/FII Holdings
As of December 31 -December 2018, the promoters had 26.47 per cent stake in the company, while FII owns 33.97 per cent, DIIS 24.98 per cent.

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