Aadhar Housing shares surge 6% as Citi initiates coverage, sets target price at Rs 656
- Posted on January 17, 2025
- By Business News Today
- 2 Views
Aadhar Housing shares surge 6% as Citi initiates coverage, sets target price at Rs 656
Aadhar Housing Finance shares rose 5.8% after Citi initiated coverage with a 'Buy' rating and a target price of Rs 565, signaling a 43% upside. Citi expects strong AUM growth, improved technology, and enhanced profitability, but also highlights risks like promoter dilution and asset quality concerns.
