Buy Can Fin Homes, target price Rs 840: Axis Securities

Axis Securities has buy call on Can Fin Homes with a target price of Rs 840. The current market price of Can Fin Homes Ltd. is Rs 774.

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 10148.34 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-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 927.64 Crore, up 2.85 % from last quarter Total Income of Rs 901.93 Crore and up 21.37 % from last year same quarter Total Income of Rs 764.29 Crore. Company reported net profit after tax of Rs 209.03 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 29.99 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.51 per cent, DIIs 27.88 per cent.