Buy Can Fin Homes target Rs 3,330: Reliance Securities

Reliance Securities has buy call on Can Fin Homes with a target price of Rs 3,330.

The current market price of Can Fin Homes is Rs 2,778.4.

Time period given by analyst is one week when Can Fin Homes price can reach defined target.

Reliance Securities recommended to keep stoploss at Rs 2,540.

Can Fin Homes, incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 7,399.23 crore) operating in Finance sector.

Can Fin Homes key Products/Revenue Segments include Interest which contributed Rs 1,306.08 crore to Sales Value (96.59 per cent of Total Sales) and Fees & Other Charges which contributed Rs 45.99 crore to Sales Value (3.40 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 368.82 crore, up 2.23 per cent from last quarter Sales of Rs 360.79 crore and up 19.17 per cent from last year same quarter Sales of Rs 309.48 crore.

Company has reported net profit after tax of Rs 71.22 crore in latest quarter.

The company’s top management includes Mr.G Naganathan, Mr.K N Prithviraj, Mr.S A Kadur, Mr.Sarada Kumar Hota, Mr.T V Rao, Mrs.P V Bharathi.

Company has K P Rao & Co. as its auditors.

As on 30-06-2017, the company has a total of 26,620,242 shares outstanding.