Aadhar Housing Finance: ICICI Sec target ₹625 in 2026

ICICI Securities reiterates Buy with ₹625 target

ICICI Securities has issued a Buy recommendation on Aadhar Housing Finance Ltd (NSE: AADHARHFC, BSE: 544176) with a target price of ₹625. The brokerage note in the provided data set shows a recommended price of ₹499.90 against the stated target.

The call comes at a time when the stock has also been in focus due to market chatter around a potential stake sale and foreign investment interest. Aadhar Housing Finance listed in 2024 and is backed by private equity firm Blackstone.

Where the stock is trading now

The data includes multiple price snapshots for 19 May 2026, indicating intraday volatility and differences across feeds. One line states the share price of AADHARHFC as ₹458.75 on 19 May 2026. Another price update notes the stock moved down by -0.20% from a previous close of ₹476.80, with a last traded price of ₹475.85.

The same dataset also shows short-term and medium-term return metrics, including a 1-month return of -4.93% and a 3-month return of -6.57%. Over a longer period, the 1-year return is shown as 21.75%.

Key levels: 52-week high and technical signals cited

Aadhar Housing Finance’s 52-week high is listed as ₹547.80 (24-Sep-2025). Separately, the stock is also described as having touched ₹538 intraday amid stake-sale buzz, indicating the stock has traded close to its 52-week peak zone in that period.

On the technical indicators cited in the provided text, Aadhar Housing Finance’s RSI (14) is 60.5, described as neutral to bullish. The stock is also stated to be trading above all 8 key Simple Moving Averages (SMAs), from the 5-day to the 200-day SMA, which is presented as a broad-based strength signal.

Stake-sale buzz: what the report says

A report referenced in the dataset, attributed to The Economic Times, says a potential foreign investment of $100–225 million (₹1,750–2,000 crore) could translate into a 10–12% stake in Aadhar Housing Finance through a secondary share sale. A formal announcement is expected in the coming weeks, according to sources cited in that report.

The text adds that such a transaction would follow a larger, nearly $1 billion (₹17,335 crore) capital commitment by Blackstone along with two of its sponsors or limited partners. This is described as involving a transfer of most of Blackstone’s existing three-fourths shareholding into a new continuation vehicle, similar to what it did in Mphasis in 2021.

Blackstone, as per the text, declined to comment on the identity of the incoming investor or deal specifics.

Bulk deals around the 2024 listing

The dataset includes bulk deal entries from the listing period. On 15 May 2024, Akash Bhanshali is shown as a buyer of 22,00,000 shares at ₹319.06. On the same date, Blue Daimond Properties Private Limited is shown as a buyer of 23,00,000 shares at ₹315.04.

Another excerpt describes a strong early trading session where the stock surged 8% to ₹356 intraday on NSE, with 12.89 million shares changing hands, following open-market buying activity. It also notes that seller identities were not immediately ascertained in that report.

IPO context: price band, listing, and subscription

Aadhar Housing Finance’s IPO details in the dataset show a price band of ₹300–₹315, with the listing dated 15-May-2024. Listing prices shown are ₹314.30 on NSE (a -0.22% move versus issue price) and ₹315.00 on BSE (flat).

The IPO subscription table (last updated 10-May-2024 17:54) shows overall subscription of 26.76x, led by QIBs at 76.42x, HNIs at 17.33x, and Retail at 2.58x. The issue size is shown as 95,238,095 shares (up to ₹3,000 crore), comprising a fresh issue of ₹1,000 crore and an offer for sale of ₹2,000 crore.

What the company does, as described

The dataset describes Aadhar Housing Finance as a housing finance company focused on the lower income segment in India, established in 2010. It is also described as the largest HFC in the low income housing segment, with a ticket size less than ₹15 lakh.

The company’s basic industry is listed as Housing Finance Company, with trading status shown as Active.

Key facts table

Registered office and investor contact details in the dataset

The registered office address provided is 2nd Floor, No. 3, JVT Towers, 8th ‘A’ Main Road, Sampangi Rama Nagar, Bengaluru, Karnataka 560027, with email customercare@aadharhousing.com and website https://aadharhousing.com.

The dataset also lists registrar information separately, including an entry for KFin Technologies Limited (with IPO status website link and an email address). It also includes another registrar block with a New Mumbai address and the email investors@3i-infotech.com. Investors typically confirm the active registrar for the relevant corporate action using company filings and exchange disclosures.

Market impact and what to track next

Two drivers stand out in the provided information: the brokerage upside case (ICICI Securities’ ₹625 target versus the listed recommended price) and the ownership and stake-sale narrative tied to Blackstone. The market reaction described in the dataset includes sharp single-day gains during periods of heightened attention.

Near-term, the report cited in the dataset points to a formal announcement in the coming weeks regarding the potential foreign investment and secondary sale. Any confirmed update on the structure of the proposed deal, the identity of the investor, and the quantum of shares could influence trading activity, alongside how the stock behaves relative to its prior highs and the technical levels referenced.