Chola Securities Gives Buy Call on Aadhar Housing

21 Apr 2026 CW Team

Chola Securities has initiated a buy call on Aadhar Housing Finance, projecting an upside potential of 24.8 per cent over a 15–18 month period.

The brokerage cited the company’s steady business growth, with assets under management (AUM) rising at about 20 per cent CAGR between FY22 and FY25, while maintaining a similar year-on-year growth rate in 9MFY26. AUM increased from Rs 13,327 crore in FY21 to Rs 25,531 crore in FY25, and further to Rs 28,790 crore in 9MFY26.

Chola Securities also highlighted the company’s asset quality, with gross NPAs at 1.40 per cent and net NPAs at 1.0 per cent, supported by collection efficiency of 98.96 per cent and improving delinquency trends.

The company’s loan book remains diversified, with around 73 per cent home loans and 27 per cent loan against property, while no single state contributes more than 15 per cent of AUM. Conservative loan-to-value ratios of around 60 per cent were also noted as a risk-mitigating factor.

The brokerage added that Aadhar Housing’s network of more than 620 branches, plans to add around 50 branches annually, diversified borrowing profile across 44 lenders and expected lower funding costs support future growth and profitability.

Infrastructure Urban

21 Apr 2026

Leaders Question FIR Against Anil Agarwal

Several industry and public figures have questioned the FIR filed against Anil Agarwal following the boiler accident in Chhattisgarh, while also expressing condolences over the loss of lives and calling for a thorough investigation.Naveen Jindal said the tragedy was deeply painful and stressed that compensation, livelihood support for affected families and a fair probe were essential. He also questioned naming Agarwal in the FIR before completion of the investigation.Kiran Bedi urged restraint, saying investigations should focus on learning lessons and strengthening systems rather than prematu..

Infrastructure Urban

21 Apr 2026

Tier 2, 3 Cities Drive 66% of New D2C Orders

Tier 2 and Tier 3 cities accounted for 66 per cent of new direct-to-consumer (D2C) orders in FY 2026, according to a new analysis by Unicommerce.The report said buyers from smaller cities also contributed 60 per cent of incremental gross merchandise value (GMV) in FY 2026 compared with FY 2025, highlighting rising demand beyond metro markets.Overall, India’s D2C segment recorded strong growth, with order volumes rising 33 per cent and GMV increasing 32 per cent year-on-year. The findings are based on more than 400 million order items processed through brand websites on Unicommerce’s Uniwar..