Buy Can Fin Homes, target price Rs 662: ICICI Direct

ICICI Direct has buy call on Can Fin Homes with a target price of Rs 662. The current market price of Can Fin Homes Ltd. is Rs 637. Time period given by analyst is 14 days when Can Fin Homes Ltd. price can reach defined target.

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 8454.62 Crore) operating in NBFC sector.

Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 508.48 Crore, up 8.68 % from last quarter Total Income of Rs 467.89 Crore and up 1.14 % from last year same quarter Total Income of Rs 502.76 Crore. Company reported net profit after tax of Rs 115.69 Crore in latest quarter.

Investment Rationale
Going ahead the brokerage expects stock to continue its uptrend and retest its February 2022 highs around Rs 662 levels in the coming weeks

Promoter/FII Holdings
Promoters held 29.99 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.0 per cent, DIIs 22.4 per cent.