Shares of Aavas Financiers Ltd saw a strong rally on March 10, surging 9% to an intraday high of ₹1,845 amid significantly high trading volumes. The stock was among the top gainers in the BSE Smallcap index, as investors showed strong buying interest in the Jaipur-based housing finance company.

Trading Volume Surges Over 12 Times the 10-Day Average

At 10:40 AM, nearly 1.78 lakh shares of Aavas Financiers were traded, marking an over 12-times increase compared to its 10-day average trading volume. This strong market activity contributed to the stock's sharp rise, pushing it closer to its 52-week high of ₹1,979, last recorded on June 19, 2024.

Stock Performance and Brokerage Outlook

Aavas Financiers has been on an upward trend in recent months, reflecting strong investor confidence and sectoral momentum.

• In February 2025, Prabhudas Lilladher, a leading domestic brokerage, retained its 'Accumulate' rating on the stock.
• The brokerage set a target price of ₹1,900 per share, indicating a 3% upside from its current market price.
• Analysts expect the stock to continue its positive trajectory, given the company’s steady financial performance and industry growth prospects.

Open Offer by Aquilo House Pte Ltd and CVC Capital Partners

In August 2024, Aquilo House Pte Ltd and CVC Capital Partners had made an open offer to acquire up to 26% of Aavas Financiers’ expanded voting share capital.

• The offer price was set at ₹1,766.69 per fully paid-up equity share.
• The total acquisition involved over 2 crore equity shares, amounting to ₹3,664 crore.
• JM Financial was appointed as the manager to the open offer.

Aavas Financiers' Market Position and Growth Outlook

Aavas Financiers, a leading housing finance company, has demonstrated steady growth backed by strong demand for affordable housing loans. The stock's recent surge reflects positive sentiment from institutional and retail investors.

As the company remains near its 52-week high, analysts expect continued strong performance, especially with high trading volumes indicating investor confidence. However, market participants will closely watch any further developments regarding stake acquisitions and financial results.

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