India's Can Fin Homes rises on higher Q2 profit

Can Fin Homes

23/10/2024 09:03

** Shares of Can Fin Homes  CNFH.NS  rise 5.8% to 881
rupees, set for best day in four months
    ** Housing finance co reports a near 34% rise in Sept-qtr
net profit after tax to 2.11 billion rupees ($25.10 million) on
higher disbursements 
    ** Busiest session for stock in over a month; more than 1.6
mln shares change hands, over two times the 30-day avg 
    ** Avg rating by analysts covering CNFH at "buy"; peers Home
First Finance Co  HOME.NS  and Aptus Value Housing Finance India
 APTS.NS  also rated "buy" 
    ** CNFH's median PT is at 937 rupees - LSEG data
    ** Stock up ~13% so far this year vs a ~20% and ~13% rise in
HOME and APTS, respectively 

($1 = 84.0480 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))