Based on the price chart and momentum indicator setup we can infer that the index is on the verge of strong directional movement over the short term. On the lower end, a fall below 18,450 may trigger a correction towards 18,100-18,000; whereas, on the higher end, a rise above 18,605 may induce a decent rally in the market,” Rupak De, Senior Technical Analyst at LKP Securities said.

Brokerage firms remain mixed over the issue. Some have suggested subscribing to the issue but a majority of them find the valuations expensive. They have also flagged the complete OFS nature of the issue as a concern.

Aavas Financiers Ltd., incorporated in the year 2011, is a Mid Cap company (having a market cap of Rs 15777.95 Crore) operating in NBFC sector.

Earlier run as a market cap agnostic fund, this fund shifted to the mid-cap mandate in 2018, preceded by a change in fund manager a year earlier. This sparked a realignment in its approach, with the fund manager ushering more diversification in the portfolio.

Three of them have turned multibaggers and Bloomberg’s consensus rating shows that all the seven stocks still have some steam left

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of P&G Health, Home First Finance, Siemens and Avanti Feeds.

The biggest cut was seen in the most FPI-heavy stock HDFC, which saw a 295 basis points drop in FPI stake sequentially to 69.19 per cent. The investor class has cut its stake by 359 basis points in the HDFC group firm in the last four quarters.

Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Partners Group ESCL Ltd and Partners Group Private Equity (Master Fund) LLC sold shares for Rs 522.09 crore and Rs 229.11 crore, respectively.

The scrips were sold at an average price of Rs 2,452.5 per scrip, according to block deal data on the BSE.

In another transaction, Partners Group Private Equity Fund sold 3.06 million shares of Aavas Financiers at Rs. 2,452.5 per share through multiple block deals on the BSE.

In a separate transaction, the Government of Singapore and the Monetary Authority of Singapore bought a stake in Aavas Financiers.

VST Tillers continued to shine after strong results in the June 2021 quarter and Vodafone Idea gained after indirect price hike. However, Aavas Financiers remained under pressure after its analysts-investor call.

Swiss private equity firm Partners Group on Saturday said it will acquire a controlling stake on behalf of its client in broadband service provider Atria Convergence Technologies (ACT). The stake will be bought at an enterprise value of nearly USD 1.

Aptus targets first-time homebuyers in low and middle-income groups, self-employed customers. It does not offer any loans to builders or for commercial real estate.

Edelweiss Securities has a reduce call on Aavas Financiers with a target price of Rs 1600 for a duration of 12 months. The current market price of Aavas Financiers is Rs 2285.

Aavas Financiers Ltd., incorporated in the year 2011, is a Mid Cap company (having a market cap of Rs 13974.08 Crore) operating in NBFC sector.

The Executive Committee of the board at its meeting held on Friday approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore, the company said in a regulatory filing.

Promoted by Kedaara Capital and Partners Group, Aavas is primarily engaged in the business of providing housing loan to customers belonging to low and middle-income segment in semi-urban and rural areas.

Total income of the company grew to Rs 233.59 crore during April-June period of 2020-21 from Rs 197.52 crore in same period of 2019-20, Aavas Financiers said in a regulatory filing.

It makes sense to have a look at the corporate agendas for the days as announced to the stock exchanges.

Aavas, in the brokerage view, is a re-rating candidate because of the collection efficiency trends it has demonstrated and a comfortable liquidity position which will help it deliver growth and low earnings volatility.