Shares of Aptus Value Housing rose 8% to a session high of Rs 321.15 per share after foreign brokerage Citi started covering shares. The housing finance company’s biggest one-day gain since August 23, 2022. The stock also broke above the 50-day and 100-day moving average levels.

Citi started its coverage of Aptus Value with a “buy” rating and a price target of Rs 425, indicating an upside of about 33% from current levels.

According to Trendline data, out of seven analyst recommendations on the stock, four have given “strong buy” calls, two have given a “buy” call, and one has given a “hold” call.

Aptus Value Housing is a home-loan company that caters to the housing needs of self-employed, low and middle-income families in semi-urban and rural areas.