Aadhar Housing shares rally nearly 6% as Nomura initiates coverage, sees an upside potential of 15%

Aadhar Housing Finance shares surged nearly 6% following Nomura's Rs 550 target price. It trades at 2.4x-3.4x FY26E P/B, covering 20 states/UTs with a focus on self-employed and home loans. As the top Affordable housing financier per Nomura, its shares increased by 52% since IPO, indicating robust asset quality.