Sell Can Fin Homes, target Rs 218: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Can Fin Homes Ltd. with a target price of Rs 218.0 . The current market price of Can Fin Homes Ltd. is Rs 224.95. Time period given by the analyst is Intra Day when Can Fin Homes Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 230.

Can Fin Homes Ltd., incorporated in 1987, is a midcap company with a market cap of Rs 2995.35 crore.
Can Fin Homes Ltd. key Products/Revenue Segments include Interest which contributed Rs 1490.56 Crore to Sales Value (96.54 % of Total Sales) and Fees & Other Charges which contributed Rs 53.34 Crore to Sales Value (3.45 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 405.67 Crore, up 1.55 % from last quarter Sales of Rs 399.49 Crore and up 9.99 % from last year same quarter Sales of Rs 368.82 Crore Company has reported net profit after tax of Rs 77.29 Crore in latest quarter. The company’s top management includes Dr.Yeluri Vijayanand, Mr.G Naganathan, Mr.K N Prithviraj, Mr.S Subramanian, Mr.Sarada Kumar Hota, Mr.Shreekant M Bhandiwad, Mr.T V Rao, Mrs.Bharati Rao, Mrs.P V Bharathi. Company has Varma & Varma as its auditoRs As on 30-06-2018, the company has a total of 133,154,125 shares outstanding.