ICICI Securities has recommended a "BUY" rating for Aadhar Housing Finance, setting a target price of INR 550. The company has shown strong performance with an 18% AUM CAGR from FY18 to FY24, reaching INR 228 billion, supported by its extensive branch network and strategic market diversification. Aadhar's growth has been achieved at a higher spread of approximately 6%, outperforming peers.
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