Aavas Financiers Shares Jump 9% Amid Heavy Trading

Shares of Aavas Financiers surged nearly 9% in morning trade on March 10, hitting an intraday high of ₹1,845. The stock saw strong investor demand, with trading volumes soaring 12 times above its 10-day average, as 1.78 lakh shares changed hands by 10:40 AM. The Jaipur-based housing finance company is now approaching its 52-week high of ₹1,979, last seen in June 2024. In February, Prabhudas Lilladher reaffirmed its 'Accumulate' rating on the stock with a target price of ₹1,900. Earlier in August 2024, Aquilo House Pte Ltd and CVC Capital Partners had launched an open offer to acquire 26% stake in Aavas at ₹1,766.69 per share.