New Delhi, Oct. 14 -- Despite being under pressure recently, Aptus Value Housing Finance India Ltd has received a 'BUY' recommendation from Choice Institutional Equities, which has initiated coverage on the affordable housing finance company with a target price of Rs.330 per share. Against the last closing price of Rs.223.30, the target indicates a potential upside of almost 48%. Including an estimated dividend yield of 2%, the expected total return stands at 50%.

The brokerage's positive outlook rests on the lender's growth prospects, technology-led operating model, strong profitability and ability to maintain relatively low credit costs. It expects Aptus to sustain annual growth of around 22% in assets under management (AUM) while deli...