India, Oct. 31 -- Aavas Financiers has had another strong quarter with consistent growth in loans. However, a similar level of growth has not been seen in profits from its core lending business. PL Capital however, is positive about the company and sees significant upside potential in the stock going forward with long term fundamentals driving the shares.

With a market capitalization of Rs. 8,428.36 crore, the shares of AAVAS Financiers Ltd were trading at Rs. 1,062.90 per share, down 4.38 percent from its previous closing price of Rs. 1,111.60 apiece. The stock trades at a P/E of 17.17x on a consolidated basis.

Loan Growth Remains Healthy, but Earnings Are Slower Aavas disbursed a total of Rs.1,891 crore during Q2 FY27, representing a...