08 Oct 2026, 14:00 IST
Aavas Financiers Limited
HDFC Securities (HSIE Research) · BUY (upgraded from ADD) · target INR1,540
The note says Aavas is upgraded to BUY with an RI-based target price of INR1,540 (implying 1.7x Sep-28 ABVPS), citing expected growth revival under new management, sub-25bps credit cost guidance and a valuation derating to 1.4x Sep-28 ABVPS for a franchise delivering ~14-15% RoE and ~17% loan growth, while flagging the ~20% long-term loan growth guidance as ambitious and a key monitorable.
From Aavas Update Oct26 HSIE, written by HDFC Securities (HSIE Research) and hosted by HDFC Securities. Orivam summarised it; the view is HDFC Securities (HSIE Research)'s, not Orivam's.
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