Categories: Share Market

CAN FIN HOMES stocks: Buy Can Fin Homes, target price Rs 670: IIFL

[ad_1]

IIFL has buy call on with a target price of Rs 670. The current market price of Can Fin Homes Ltd. is Rs 636.55.

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 8473.93 Crore) operating in NBFC sector.

. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 611.58 Crore, up 8.96 % from last quarter Total Income of Rs 561.30 Crore and up 35.65 % from last year same quarter Total Income of Rs 450.84 Crore. Company reported net profit after tax of Rs 162.21 Crore in latest quarter.

Investment Rationale
The stock has given a Flag pattern breakout


Promoter/FII Holdings
Promoters held 29.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.0 per cent, DIIs 24.79 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

[ad_2]

Source link

jaghit

Share
Published by
jaghit

Recent Posts

'मुख्यमंत्री कोविड-19 बाल सेवा योजना' के लिए नहीं है बजट? अब मंत्री नरेंद्र पटेल ने किया ये दावा

<p style="text-align: justify;"><strong>Madhya Pradesh News Today:</strong> भारत सहित पूरी दुनिया ने 3 साल वैश्विक महामारी…

3 months ago

Inside Hina Khan’s Pre-Birthday Celebrations With Rocky Jaiswal And Mother In Goa

Hina Khan’s birthday is on October 2. (Photo Credits: Instagram)From a stunning view of her…

3 months ago

Swiggy IPO Gets Sebi Approval: All You Need to Know About Rs 11,000-Crore Issue

Food and grocery delivery major Swiggy has received markets regulator Sebi’s clearance to launch its…

3 months ago

‘Imprints of Make in India visible everywhere’: PM Modi lauds 10 years of flagship initiative | India News

NEW DELHI: Prime Minister Narendra Modi on Wednesday lauded the efforts of each and every…

3 months ago

Waqf Amendment Bill JPC 1 Crore Emails Nishikant Dubey VHP Vinod Bansal Said it Email Jihad | वक्फ बिल पर 1 करोड़ से ज्यादा सुझाव: VHP बोली

Waqf Amendment Bill Email: वक्फ संशोधन बिल पर संयुक्त संसदीय समिति (जेपीसी) को सुझाव के लिए…

3 months ago

Georgia Meloni and Elon Musk date truth behind the viral photos

Meloni And Musk Viral Photos : दुनिया के सबसे अमीर शख्स एलन मस्क ज्यादातर किसी…

3 months ago