Mar 15, 2017 02:45 PM IST | Source:

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.

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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.


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.

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