Buy Can Fin Homes, target Rs 609: Sharekhan

Sharekhan has a buy call on Can Fin Homes with a target price of Rs 609.

The current market price of Can Fin Homes is Rs 545.55.

Time period given by the brokerage firm is one month when Can Fin Homes price can reach defined target.

Sharekhan recommended to keep a stop loss at Rs 529.

"The stock has been marching smartly for last few sessions. On the way up it has crossed certain crucial hurdles, which suggests that the bulls are having upper hand in this counter. Also in the last session, it has formed a bullish outside bar on the daily chart, which reinforces the uptrend. The momentum indicators on various time frames are in sync with the rally," Sharekhan said in a report.