Can Fin Homes jumps over 11% on strong Q4 profit

Can Fin Homes

16/06/2020 06:47

** 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))