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CANFINHOME - Can Fin Homes News Story

₹423.15 4.5  1.1%

Last Trade - 9:35am

Sector
Financials
Size
Mid Cap
Market Cap £593.7m
Enterprise Value £2.51bn
Revenue £220.3m
Position in Universe 317th / 3011

BUZZ-Can Fin Homes jumps over 11% on strong Q4 profit

Tue 16th June, 2020 6:47am
** Shares of Indian housing finance co  CNFH.NS  rise as
much as 11.70% to 339 rupees, their highest since March 26
    ** Co on Monday posted over 37% jump in March qtr profit,
helped by higher interest income and improvement in asset
quality  urn:newsml:reuters.com:*:nFWN2DS0NK
    ** Co also recommended a dividend of 2 rupees per share
    ** CNFH said its impact on revenues due to COVID-19 related
lockdowns were minimum, co has not opted for moratorium offered
by lenders
    ** About 2.5 mln shares change hands in morning trade, 6x
30-day avg of ~404,000
    ** Stock down 22.8% this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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