Aavas Financiers stands out in the overcrowded low-ticket housing finance space
Aavas Financiers is an established housing finance company with a retail-focused business model. Small-ticket, non-salaried home loans, generates higher spreads. Aavas has delivered consistent earnings growth, aided by low cost of funds and better asset quality. Digitally transforming loan origination and migration to the sales-force platform will aid in scaling up business. The stock has sharply rebounded post the unexpected exit of the founder, but still available at reasonable valuations, backed by strategic initiatives and positive outlook.
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