Nirmal Bang initiates coverage on HFFC and Aavas Financiers, foreseeing growth opportunities. HFFC has 30.5% upside, Aavas 14%. AHFCs positioned for growth despite challenges. India’s housing market shows potential for affordable housing finance sector.
NSE board approves 4:1 bonus issue, dividend of Rs 90 per share
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as to decrease its stock price