Shares of Aavas Financiers rose about 5 per cent during the trading session on Friday to Rs 1,687, commanding a total market capitalization of more than Rs 13,000 crore.
In the last few weeks, just because one bank has underperformed and was able to drag the market lower, that does not mean everything in one of the most important sectors of the economy, which is BFSI, is bad. This distinction needs to be made because in BFSI space every segment has a very different operating matrix and hence the growth path. So, while banks might be under pressure, AMCs have been doing well. Similarly, life insurers are under pressure but the general insurance companies have done well. So rather than a broad brush, have a look at companies individually for better decision-making. So rather than a broad brush, have a look at companies individually for better decision-making as analysts are bullish on many companies in the financial services space.
Aavas Financiers: As per the latest shareholding pattern, Agarwal held 12,26,986 shares in Aavas Financiers as on March 31 against 26,31,438 shares as on December 31.