India's Can Fin Homes up on profit rise

Can Fin Homes

18/10/2022 10:09

** Shares of Indian housing finance company Can Fin Homes
Ltd  CNFH.NS  up as much as 4.3% at 523.7 rupees 
    ** CNFH on Monday said its Sept-qtr net PAT rose to 1.42
billion rupees ($17.26 million) from 1.24 billion rupees a year
ago
    ** Interest income rose to 6.52 billion rupees ($79.27
million) from 4.63 billion Indian rupees a year ago
    ** More than 3 mln shares traded by 0844 GMT , 1.2X their
30-day moving avg of more than 2.5 mln shares
    ** Nine of 11 brokerages rate the stock "buy" or higher, 2
"hold"; their median PT is 708 rupees - Refinitiv data
    ** CNFH had fallen 9.2% YTD, up to last close
($1 = 82.2525 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))