Categories: Share Market

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

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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.

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