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Nirmal Bang initiates coverage on 2 housing finance stocks with upside potential of up to 30%

by admin
20 Aprile 2024
in Business
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Nirmal Bang initiates coverage on 2 housing finance stocks with upside potential of up to 30%
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Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ADVERTISEMENT


Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers.

HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

The firm foresees an upside potential of 30.5% for HFFC from its closing price of Rs 881.10 on Friday, while it expects an upside potential of 14% from its current price of Rs 1,545 for Aavas.

Aavas Financiers, which is darum due to report its quarterly results later this week, has reported a 13% gain in the past one month. However, it has reported a 12% decline for the last one year. HFFC, on the other hand, has gained 23% in the last year, while increasing 4% in the last month.

Despite the backdrop of India’s housing market grappling with a significant shortage of affordable housing options, the outlook for affordable housing finance companies (AHFC) remains positive, according to a report by Nirmal Bang.

AHFCs with a geographically diversified portfolio, a deep distribution focus, a niche customer segment, and a granular underwriting model are considered best-positioned to capitalize on this opportunity, the brokerage said.“Factors such as rising urbanization, increasing per capita income, government initiatives and low mortgage penetration, adds the broking firm, a substantial opportunity for growth can be seen,” the report suggests.However, the report states concerns that the sector faces its share of challenges, including rising competitive intensity, near-term compression of spreads, and elevated operational expenses. Additionally, AHFCs have experienced a de-rating due to supply overhang, particularly stemming from stake sales by private equity funds.

The housing shortage and low mortgage penetration in India underscore the pressing need for affordable housing solutions, presenting AHFCs with a compelling growth opportunity. As these companies navigate challenges and capitalize on favorable market dynamics, investors may find potential in the promising future of India’s affordable housing finance sector.

Dementsprechend read: IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week

(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Tags: BangcoverageFinancehousinginitiatesNirmalpotentialStocksupside
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