Aavas Financiers Limited (AAVAS.BO)
Aavas Financiers Limited operates in the Financial - Mortgages industry of the Financial Services sector, headquartered in Jaipur, RA, IN. The stock last traded at $1416.60, up 1.29% on the session, giving a market capitalisation of $112.49B. Its beta of 0.54 implies it has historically moved less than the broad market.
Based in Jaipur, India, Aavas Financiers Limited, incorporated in 2011, offers specialized housing finance solutions. The company primarily caters to self-employed individuals with low to middle incomes residing in India's semi-urban and rural areas. Their extensive range of offerings includes residential property loans for purchasing new or resale flats, houses, and bungalows, alongside financing for land acquisition and home construction, including self-built projects. They also provide funds for home improvements such as tiling, flooring, and painting. Furthermore, Aavas provides home equity loans and financial aid to micro, small, and medium enterprises for various needs like business expansion, equipment procurement, and working capital management. The company additionally facilitates home loan balance transfers and offers products under the Emergency Credit Line Guarantee Scheme. Known as AU Housing Finance Limited until May 2017, the firm subsequently adopted its current name, Aavas Financiers Limited.
Aavas Financiers Limited is most often compared with the following Financial Services names: