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