GENERAL15 Sept 2026
ICICI Securities says buy this NBFC stock, sees 59% upside after an 80% jump in 6 months - Check target price | Stock Market News
ICICI Securities has begun covering Aye Finance, a non-banking finance company (NBFC), with a buy call and a target price of ₹285. That suggests nearly 59% upside from its last close of ₹179.65, even after an 82% jump in six months. For investors, the brokerage points to Aye's niche focus on loans between ₹1.5 lakh and ₹5 lakh.
Key Statutory Highlights
- ICICI Securities has given a buy recommendation on Aye Finance with a target price of ₹285, which it values at 2 times FY28E P/BV.
- Aye Finance shares rose 82% in six months and closed at ₹179.65 on the BSE before this call, with a 52-week high of ₹197.95.
- The brokerage says Aye focuses on loans between ₹1.5 lakh and ₹5 lakh, a ticket size most peers skip.
Actionable Advice for Taxpayers / Founders:Treat this as one brokerage's view, not a sure thing. If you are considering the stock, review its latest results and your own risk comfort, and speak to a registered investment adviser before buying or selling.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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