Buy Aadhar Housing Finance, target price Rs 600: JM Financial

JM Financial has buy call on Aadhar Housing Finance with a target price of Rs 600. The current market price of Aadhar Housing Finance Ltd. is Rs 484.4.

Aadhar Housing Finance Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 20912.20 Crore) operating in NBFC sector.

Aadhar Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 713.15 Crore, up 3.08 % from last quarter Total Income of Rs 691.81 Crore and up 20.18 % from last year same quarter Total Income of Rs 593.42 Crore. Company reported net profit after tax of Rs 200.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 76.48 per cent stake in the company as of 30-Jun-2024, while FIIs owned 4.18 per cent, DIIs 7.41 per cent.