Aavas Financers looking positive.Aavas Financers Ltd is into housing finance company. The company is known for providing home loans in rural and semi-urban locations of India. The company received Rs 345 crore investment from International Finance Corporation recently. Aavas Financers has in past signed an agreement with Asian Development Bank for receiving loan amount of $60 million specially targeting the 'women in lower income group’.
Aavas Financers Ltd CMP is 1695.50. The Negative aspects of the company are High Valuation (P.E. = 29.80), declining cash from operations annual, FIIs are decreasing stake. The positive aspects of the company are Low debt, zero promoter pledge, Mutual Funds are increasing stake and improving annual net profit.
Entry after closing above 1700. Targets in the stock will be 1742 and 1809. Long term targets in the stock will be 1860+. Stop loss in the stock should be maintained at closing below 1600.
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