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Buy CAN FIN Homes Ltd For Target Rs. 1,050 By Yes Securities Ltd Good quarter and firm commentary A quarter of in-line growth but resilient margins Can Fin Homes delivered a 3-4% beat on NII/PPOP and a largely expected PAT on the back of in-line disbursements, small improvement in portfolio spread and stable NPLs. Opex was higher than expectations in the quarter due to promotions and increments, higher actuarial provisions, step-up in legal/SARFAESI actions and intensification of marketing activity. SMA 0/1 buckets transiently increased due to regula...
Buy CAN FIN Homes Ltd For Target Rs. 1,050 By Yes Securities Ltd
Buy CAN FIN Homes Ltd For Target Rs. 1,050 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-06 06:03:44 pm
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital Coal India Ltd CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450 * After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels. * The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around ...
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:48:24 am
Neutral Can Fin Homes Ltd For Target Rs. 890 By Motilal Oswal Financial Services Disbursements weak and loan growth muted * Can Fin Homes (CANF)’s 1QFY25 PAT grew ~9% YoY to ~INR2b (7% miss). NII rose 13% YoY to ~INR3.2b (in line), while other income stood at ~INR70m. ? Opex rose ~12% YoY to INR488m (12% below MOFSLe). The cost-to-income ratio came in at ~15% (PQ: 21%, PY: 15%). RoA/RoE stood at ~2.2%/~17.6%. * Management retained its loan growth guidance of ~15% in FY25, and is confident of achieving disbursements of ~INR105b in FY25. This will be a...
Neutral Can Fin Homes Ltd For Target Rs. 890 By Motilal Oswal Financial Services
Neutral Can Fin Homes Ltd For Target Rs. 890 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-29 12:24:22 pm
Buy CAN FIN Homes Ltd For Target Rs.1,000 by Yes Securities Soft quarter, execution on guidance key Can Fin delivered a miss versus our expectation on disbursements, margins, and credit cost. Disbursements were moderate at Rs18.5bn (-20% qoq/-6% yoy), causing further deceleration in loan book growth (up 1.6% qoq/9.4% yoy). Disbursement volume was impacted by elections and transient issues in key markets of TL and AP. The Spread/NIM contracted by 13 bps/16 bps on sequential basis with CoF rising by 18 bps on account of 1) material increase in share ...
Buy CAN FIN Homes Ltd For Target Rs.1,000 by Yes Securities
Buy CAN FIN Homes Ltd For Target Rs.1,000 by Yes Securities
Source: Yes Securities Ltd
2024-07-25 03:10:42 pm
Buy Can Fin Homes Ltd. For Target Rs.900 By Geojit Financial Services Ltd Supporting growth through new channels Can Fin Homes Ltd. (CANF) is the housing finance arm of Canara Bank. Predominantly active in South India, it targets Tier 1 and Tier 2 cities. The company offers a range of financial products, including housing loans, composite loans, non-housing loans, mortgage loans, and commercial property loans, in addition to fixed and cumulative deposits * The loan book grew by 11%YoY and 3% sequentially to Rs.34,999cr. The client base now stands at Rs. 2...
Buy Can Fin Homes Ltd. For Target Rs.900 By Geojit Financial Services Ltd
Buy Can Fin Homes Ltd. For Target Rs.900 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-05-10 12:44:23 pm
Buy Can Fin Homes Ltd For Target Rs.930 By Yes Securities Better quarters in store Low disb. and higher slippages underwhelming; resilient margin and strong profitability positives Can Fin’s Q4 FY24 performance was characterized by expectedly modest originations (process changes/tightening), larger-than-expected NPL increase (flow from nonrestructured was marginally higher) and better-than-expected margin performance (Spread/NIM improved qoq). Hence, even while disbursements were lower and credit cost was higher than our expectations, th...
Buy Can Fin Homes Ltd For Target Rs.930 By Yes Securities
Buy Can Fin Homes Ltd For Target Rs.930 By Yes Securities
Source: Yes Securities Ltd.
2024-04-01 03:40:56 pm
Neutral Can Fin Homes Ltd. For Target Rs.815 By Motilal Oswal Financial Services Strong guidance on loan growth but execution is vital Earnings in line; Sequential expansion in NIM but GS3 up ~15bp QoQ CANF’s 3QFY24 PAT grew ~32% YoY to ~INR2b (in line). NII grew 31% YoY to ~INR3.3b (in line). 9MFY24 PAT rose 19% YoY to ~INR5.4b. Opex grew ~13% YoY and declined ~6% QoQ to INR494m because of the absence of annual incentives and one-off process enhancement expenses during the quarter. PPoP grew 35% YoY to INR2.9b (in line). Repricing of the last tranche of...
Neutral Can Fin Homes Ltd. For Target Rs.815 By Motilal Oswal Financial Services
Neutral Can Fin Homes Ltd. For Target Rs.815 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-03-31 09:03:50 am
Accumulate Can Fin Homes Ltd For Target Rs. 856 - Elara Capital Near-term headwinds persist Affordable housing finance tepid; low opex offsets provision spike Can Fin Homes (CANF IN) saw a slight beat on bottomline, up 27% QoQ/32% YoY on controlled funding cost (7.35% in Q3 versus 7.32% in Q2) and low opex (down 154bps QoQ due to one-offs in Q2). Provisions were higher than expected but more than halving sequentially as the entire restructured pool was recognized as NPA (NPA spiked to 0.9%, up 15bps QoQ) with no incremental provisions required on th...
Accumulate Can Fin Homes Ltd For Target Rs. 856 - Elara Capital
Accumulate Can Fin Homes Ltd For Target Rs. 856 - Elara Capital
Source: Elara Capital
2024-01-22 03:52:49 pm
Buy Can Fin Homes Ltd For Target Rs.900 - Religare Broking Ltd Can Fin Homes Ltd. (CANFINHOME) * We’re seeing a mixed trend within the financials space wherein stocks from the housing finance basket are showing strength. * Among the performers, Canfinhomes has set the ground for the resumption of the uptrend, after spending 5 months in a narrow range i.e. 730-795 zone. * Technically, it has formed a strong base around the support zone of the neckline area of the previous consolidation range. And, the recent price action combined with an up...
Buy Can Fin Homes Ltd For Target Rs.900 - Religare Broking Ltd
Buy Can Fin Homes Ltd For Target Rs.900 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-11-21 03:45:30 pm
Neutral Can Fin Homes Ltd For Target Rs.840 - Motilal Oswal Financial Services NIM expansion offset by higher opex and a one-off in credit costs Disbursement growth muted in 2QFY24  Can Fin Homes (CANF)?s 2QFY24 PAT de* clined ~14% QoQ to ~INR1.6b (in line), due to higher opex and a one-off in credit costs. CANF?s credit costs stood at ~90bp and included a one-off of ~50bp in provisions towards employee fraud at the Ambala branch, which was identified and reported in Jul?23. * Repricing existing loans led to a QoQ improvement of ~30bp in yields. Higher yie...
Neutral Can Fin Homes Ltd For Target Rs.840 - Motilal Oswal Financial Services
Neutral Can Fin Homes Ltd For Target Rs.840 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-20 11:56:24 am