Buy Can Fin Homes, target Rs 435: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Can Fin Homes Ltd. with a target price of Rs 435. The current market price of Can Fin Homes Ltd. is Rs 396.7 Time period given by the analyst is Intra Day when Can Fin Homes Ltd. price can reach the defined target. Sagar Doshi recommended to keep stoploss at Rs 381. Can Fin Homes Ltd., incorporated in 1987, has a market cap of Rs 5282.22 crore.
Can Fin Homes Ltd. key Products/Revenue Segments include Interest which contributed Rs 1699.55 Crore to Sales Value (98.41 % of Total Sales) and Fees & Other Charges which contributed Rs 27.40 Crore to Sales Value (1.58 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Standalone sales of Rs 484.01 Crore, up 4.53 % from last quarter Sales of Rs 463.05 Crore and up 19.31 % from last year same quarter Sales of Rs 405.67 Crore Company has reported net profit after tax of Rs 80.98 Crore in latest quarter. The company’s top management includes Dr.Yeluri Vijayanand, Mr.Debashish Mukherjee, Mr.G Naganathan, Mr.S Subramanian, Mr.Sarada Kumar Hota, Mr.Shreekant M Bhandiwad, Mrs.Bharati Rao. Company has Varma & Varma as its auditors. As on 30-06-2019, the company has a total of 133,154,125 shares outstanding.