Trending stocks: Can Fin Homes shares jump over 6%

NEW DELHI: Shares of Can Fin Homes Ltd. traded 6.67 per cent up in Tuesday's trade at 10:54AM (IST). Around 108,842 shares changed hands on the counter.

The stock opened at Rs 324.0 and touched an intraday high and low of Rs 338.65 and Rs 321.4, respectively, in the session so far. Shares of the company of Can Fin Homes Ltd. quoted a 52-week high of Rs 519.0 and a 52-week low of Rs 253.55.

Total market cap of the Can Fin Homes Ltd. stood at Rs 4372.78 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 528.82 crore for the quarter ended 31-Mar-2020, up 2.38 per cent from previous quarter's Rs 516.55 crore and up 14.2 per cent from the year-ago quarter's Rs 463.05 crore.

The net profit for latest quarter stood at Rs 90.9127 crore, up 35.67 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 11.12 per cent stake in the company, while foreign institutional investors held 0.0 per cent and the promoters 29.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 11.63 and a price-to-book ratio of 2.45. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Can Fin Homes Ltd. belongs to the NBFC - Housing industry.