Aye Finance Share Price Falls Despite IIFL Capital Retaining Buy With Rs 220 Target

July 27, 2026
Posted by: Kunal Singla
Category: News

Aye Finance share price down 2.33% to Rs 167.90 even as IIFL Capital retains buy, raises estimates ~5%, target Rs 220. Implies FY28 PB/PE of 1.6x/11.5x.

The Aye Finance share price declined on 27 July 2026 even after IIFL Capital retained its buy rating on the stock and raised its estimates by around 5 percent, with a target price of Rs 220 per share.

IIFL Capital’s note on the Aye Finance share price implies a favourable valuation framework for the stock, even as the shares traded lower in today’s session.

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Table of Contents

Aye Finance Share Price: IIFL Capital’s Key Observations

IIFL Capital raised its estimates for the company by around 5 percent and retained its buy rating with a target price of Rs 220 per share, implying an FY28 price to book and price to earnings ratio of 1.6 times and 11.5 times respectively, for a projected return on assets and return on equity of 4.2 percent and 16.3 percent.

Metric	IIFL Capital Observation
Aye Finance Rating	Buy (retained)
Target Price	Rs 220 per share
Estimate Revision	Raised by around 5%
Implied FY28 P/BV	1.6x
Implied FY28 P/E	11.5x
Implied FY28 RoA / RoE	4.2% / 16.3%
CMP (27 July 2026)	Rs 167.90, down 2.33%

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Despite the upward estimate revision and reiterated buy call, the Aye Finance share price traded lower today, a divergence that can occur when broader market or sector-specific sentiment outweighs stock-specific brokerage commentary in the near term.

Download the Univest iOS App or Univest Android App to track live Aye Finance share price movements.

Why the Stock Fell Despite a Positive Brokerage Note

A stock declining despite a brokerage raising estimates and maintaining a buy rating is not unusual, particularly for recently listed companies like Aye Finance where broader market sentiment, sector-specific NBFC concerns or profit booking can outweigh a single brokerage note in the near term for the Aye Finance share price.

On the day, Aye Finance was quoting at Rs 167.90, down Rs 4.00, or 2.33 percent, having touched an intraday high of Rs 174.00 and a low of Rs 167.50.

Conclusion

The Aye Finance share price fell despite IIFL Capital retaining its buy rating and raising estimates by around 5 percent, with a target price of Rs 220 implying an attractive FY28 valuation. Investors should consult a SEBI-registered advisor before acting on any brokerage target price.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions FAQs

What is IIFL Capital’s target price for Aye Finance share price?

Ans. IIFL Capital has retained a buy rating on the stock with a target price of Rs 220 per share as of 27 July 2026.

Why did the Aye Finance share price fall despite a buy rating?

Ans. The Aye Finance share price fell 2.33 percent despite the positive brokerage note, which can happen when broader market or sector sentiment outweighs stock-specific commentary in the near term.

Did IIFL Capital raise or cut its estimates for Aye Finance?

Ans. IIFL Capital raised its estimates for Aye Finance by around 5 percent.

What FY28 valuation does IIFL Capital’s target imply for Aye Finance?

Ans. The target implies an FY28 price to book of 1.6 times and price to earnings of 11.5 times, for a projected RoA and RoE of 4.2 percent and 16.3 percent.

What was the Aye Finance share price on 27 July 2026?

Ans. Aye Finance was quoting at Rs 167.90, down 2.33 percent, having touched an intraday high of Rs 174.00 and a low of Rs 167.50.

Where can I track live Aye Finance share price updates?

Ans. Live Aye Finance share price updates, charts and financials are available on the Univest platform and app.

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Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.