Stocks to buy now : Brokerage firms IIFL Capital and JM Financial have maintained their BUY rating on the shares of this small-cap NBFC company after its June quarter earnings for FY 2027. They have not only maintained their buy ratings on the stock but have also increased the target price for the counter.
Stocks to buy now : Brokerage firms IIFL Capital and JM Financial have maintained their BUY rating on the shares of small-cap NBFC company Aye Finance Ltd (NSE:AYE) after it announced its June quarter earnings for FY 2027. Brokerages have not only maintained their buy ratings on the stock but have also increased its target price.
Aye Finance Ltd announced its results for the June quarter of current financial year on July 22 and reported ₹74.5 crores profit after tax up 144% year-on-year. Company’s profit after tax in the same quarter of previous fiscal year was ₹30.6 crores. But it is worth noting that the company’s profit after tax declined by 13.3% on a quarterly basis, which was ₹85.91 crores in the previous quarter.
Total revenue from operations of the company also increased 17.7% year-on-year to ₹477 crores from ₹405 crores, but declined 7.3% quarter-on-quarter. This total revenue from operations was ₹515 crores in the previous quarter.
While releasing the quarterly results, Aye Finance Ltd also informed that its assets under management also increased by 28% year-on-year to ₹7,324 crores this quarter aided by 38% increase in the new customers.
After company released its June quarter results, brokerage firms IIFL Capital and JM Financial have maintained their BUY ratings on its shares and have increased the target price. IIFL Capital has increased the target for the stock (Aye Finance share price target) from ₹180 to ₹220 whereas JM Financial has given a new target of ₹197 from previous target of ₹190.
Shares of Aye Finance Ltd are trading at ₹166.29 level (Aye Finance share price) at the time of writing this article up nearly 2% from previous closing price on NSE. Company’s shares have shown a whopping gain of 82% in three months time interval from April to June.
Disclaimer : The BUY rating on the aforementioned stock has been given by the brokerage firms and represent their own views regarding the same. These do not represent the personal views of the Financial World Online website. This article is for informational purpose only. This website does not recommend the readers to invest in any specific share discussed here and advises them to consult their qualified financial advisor before taking any investment related decision.