Sell Can Fin Homes; target Rs 272: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Can Fin Homes with a target price of Rs 272. The current market price of Can Fin Homes is Rs 278.85. Time period given by analyst is Intra Day when Can Fin Homes price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 285. Can Fin Homes, incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 3713.00 crore) operating in Finance sector.
Can Fin Homes key Products/Revenue Segments include Interest which contributed Rs 1490.56 crore to Sales Value (96.54 per cent of Total Sales) and Fees & Other Charges which contributed Rs 53.34 crore to Sales Value (3.45 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 420.96 crore, up 3.77 per cent from last quarter Sales of Rs 405.67 crore and up 9.67 per cent from last year same quarter Sales of Rs 383.85 crore Company has reported net profit after tax of Rs 76.83 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.