Shares of Aadhar Housing Finance Ltd rose over 2% today, trading at ₹458.70 on the NSE as of 9:21 AM, after brokerage firm Bernstein initiated coverage on the stock with an ‘outperform’ rating. The brokerage set a price target of ₹550, implying a potential 22% upside from the current levels.
According to Bernstein, Aadhar Housing stands out as the largest and most geographically diversified player in the affordable housing finance space. The brokerage believes this diversification positions the company well to maintain its steady growth trajectory and expects its Assets Under Management (AUM) to grow at a 20% compounded annual rate.
The stock has underperformed in the past month, declining around 0.8%, while some of its peers, like Home First Finance and Aptus, have gained between 3–7%. Today’s upward movement reflects renewed investor confidence following Bernstein’s positive outlook.
Bernstein also highlighted that Aadhar serves as a strong proxy for the affordable housing finance segment and benefits from its broad reach across India’s states. The company’s scale, reach, and operational resilience are key factors supporting the bullish view.
The stock traded in a range of ₹451.30–₹459.50 today, with a market cap of about ₹198 billion and a P/E ratio of 22.
