Share price of this affordable housing finance company moved up by 4.11 percent on BSE to hit an intraday high at Rs. 310 in the morning trading session of Wednesday, after Domestic Institutional Investors (DII) bought stake in the company, bringing the total deal value to Rs. 663 crore.
With a market capitalisation of Rs. 15,395.84 crore, at 12:16 p.m., the shares of Aptus Value Housing Finance India Limited were trading in the green at Rs. 308.55, up by 3.63 percent.
According to the bulk deal data available with the NSE, the domestic investors East Bridge Capital Master Fund I Ltd and SBI Mutual Fund purchased 43.18 lakh equity shares and 1.82 crore equity shares in Aptus Value Housing Finance India worth Rs. 126.94 crore and Rs. 536.04 crore, respectively, at an average price of Rs. 294 per share.
However, one of the promoters Westbridge Crossover Fund, LLC reduced its stake by offloading more than 2.47 crore equity shares (equivalent to a 4.96 percent stake) worth Rs. 728.7 crore in the company, at an average price of Rs. 294.15 apiece.
As of March 2024, Westbridge Crossover Fund held nearly 17.19 crore equity shares, representing a 34.46 percent stake, in Aptus Value Housing Finance India.
Further, another promoter JIH II, LLC exited the company by selling its entire 2.03 percent shareholding or over 1.01 crore equity shares at an average price of Rs. 294.73 apiece, amounting to Rs. 299.24 crore.
In terms of financials, on a year-on-year basis, the company has witnessed a growth in the net profit by 21.23 percent from Rs. 135.3 crore in Q4 FY22-23 to Rs. 164.03 crore in Q4 FY23-24.
As of March 31, 2024, the company has maintained a sufficient liquidity of Rs. 1,022 crores including undrawn sanctions of Rs. 620 crores from various banks and is well capitalised with a net worth of over Rs. 3,700 crores.
The stock has delivered positive returns of nearly 15.7 percent in the last one year and around 7.2 percent in six months. However, so far in 2024, the company has given about 6.72 percent of negative returns.
RBI-regulated Aptus Value Housing Finance India Limited provides home loans for the purchase and self-construction of residential property, home improvement, extension loans, loan against property and business loans to low and middle-income groups.
The company is amongst the fastest-growing & profitable affordable housing finance company with a network of 262 branches.
Written by Shivani Singh
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