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Sell Can Fin Homes, target Rs 2,625: Dr CK Narayan

ETMarkets.com|
Sep 25, 2017, 08.44 AM IST
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Dr CK Narayan of Chart Advise has a sell call on Can Fin Homes with a target price of Rs 2,625.

The current market price of Can Fin Homes is Rs 2,665.45.

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

Dr CK Narayan recommended to keep a stop loss at Rs 2,685.

Can Fin Homes, incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 7,098.43 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.Bharati 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.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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