Moneycontrol
Mar 15, 2017 02:45 PM IST | Source: Moneycontrol.com

Hold Can Fin Homes; target of Rs 1810: Sushil Finance

Sushil Finance recommended hold rating on Can Fin Homes with a target price of Rs 1810 in its research report dated Jan 24, 2017.

Hold Can Fin Homes; target of Rs 1810: Sushil Finance

Sushil Finance's research report on Can Fin Homes

Can Fin Homes Ltd. (CHL) has reported good set of numbers for the quarter ended Dec’16 backed by strong credit growth & stable asset quality.

Outlook

The Company has been delivering strong set of numbers over the past few years backed by strong advances growth, improving NIMs & stable asset quality. However considering the price appreciation over the last 1 year, the stock seems to have discounted the near-term earnings growth & we expect the stock to consolidate over next few quarters.

However, we remain positive on the stock considering its strong fundamentals & long-term growth prospects & hence recommend Hold with revised price target of Rs.1810 based on our FY19E estimates.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Sections
Follow us on
Available On