Latest news with #AavasFinanciers
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Business Standard
4 days ago
- Business
- Business Standard
Aavas Financiers climbs 2% as board approves raising ₹200 crore via NCDs
Aavas Financiers share price rose 2.3 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹1867.8 per share on BSE. At 9:39 AM, Aavas Financiers shares were trading 1.06 per cent higher at ₹1,843.75 per share on the BSE. In comparison, the BSE Sensex was up 0.03 per cent at 81,469.02. The company's market capitalisation stood at ₹14,594.55 crore. Its 52-week high was at ₹2,238.35 per share and 52-week low was at ₹ 1,604.2 per share. What led to a rally in Aavas Financiers shares? The northward movement in Aavas Financiers shares came after the company informed investors, after market hours on Wednesday, that its board has approved the issuance of up to 20,000 Non-Convertible Debentures (NCDs) having face value of ₹1,00,000 each, of the aggregate nominal value of up to ₹200 crore. The tenure of the instrument is 60 months from the deemed date of allotment. The payment of interest is scheduled every quarter from the date of allotment. Meanwhile, the principal amount of the debentures will be repaid by the company to the holders in 20 equal quarterly installments of ₹5,000 per debenture starting from the allotment date. Track LIVE Stock Market Updates What are NCDs? Non-convertible debentures are a type of debt instrument issued by companies to raise funds from the public or institutional investors. They are fixed-income securities that offer a fixed interest rate and are typically issued for a specific tenure. Why do companies issue NCDs? The company issues NCDs to raise capital and to lower the cost of borrowing as for some companies, issuing NCDs may be a cheaper alternative to borrowing from banks. About Aavas Financiers The company was incorporated as a private limited company in Jaipur, Rajasthan, under the Companies Act, 1956 on February 23, 2011. The company formally started its operations in March 2012. The company is engaged in the business of providing housing loans, primarily, in the un-served and un-reached markets which include Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha, Karnataka and Tamil Nadu. Currently, it is operating in 14 states with a total of 397 branches.
Business Upturn
22-04-2025
- Business
- Business Upturn
Stocks hitting 52-week highs today, April 22: HDFC Bank, Laurus Labs, Bharti Hexacom, Eicher Motors and more
By Aman Shukla Published on April 22, 2025, 15:49 IST The Indian stock market continued its upward trajectory for the sixth consecutive trading session on April 22, 2025. Both benchmark indices ended in green, with the BSE Sensex rising by 187.09 points (0.24%) to 79,595.59, while the NSE Nifty 50 gained 41.70 points (0.17%), closing at 24,167.25. Several stocks touched their 52-week highs during the session, indicating strong investor interest. Here are the notable stocks that touched their 52-week highs today: HDFC Bank : Achieved a 52-week high of ₹1,970.60. Aavas Financiers : Reached a 52-week high of ₹2,198.35. Laurus Labs : Hit a 52-week high of ₹657.45. JK Cement : Attained a 52-week high of ₹5,142.15. UPL : Surged to a 52-week high of ₹674.25. Bajaj Finance : Reached a 52-week high of ₹9,393.00. Kotak Mahindra Bank : Achieved a 52-week high of ₹2,261.50. Bharti Hexacom : Touched a 52-week high of ₹1,672.00. Interglobe Aviation (IndiGo) : Reached a 52-week high of ₹5,516.95. Krishna Institute of Medical Sciences : Achieved a 52-week high of ₹688.20. Eicher Motors : Reached a 52-week high of ₹5,906.50. Chambal Fertilisers & Chemicals : Attained a 52-week high of ₹699.70. SRF Ltd. : Hit a 52-week high of ₹3,085.00. BSE Ltd.: Reached a 52-week high of ₹6,313.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bharti HexacomEicher MotorsHDFC BankLaurus LabsStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
