ICICI Securities maintains 'Buy' rating on Aye Finance despite monthly dip

Shares of Aye Finance closed higher on Friday after a 25.56% decline over the past month, despite which ICICI Securities forecasts 50% upside potential.

The NBFC reported strong Q2 FY27 performance, with borrowing costs dropping 20 bps to 10.6% due to efficient cluster-based underwriting and AI models.

Analysts revised the target price for the stock to ₹200, citing the company's resilience in navigating current macroeconomic headwinds.