Jefferies sees India's Can Fin Homes AUM growth normalizing from December quarter
BUZZ-Jefferies sees India's Can Fin Homes AUM growth normalizing from December quarter
** Shares of Can Fin Homes CNFH.NS rise 2.1% to 750.70 rupees, gains for second straight session post results
** Brokerage Jefferies says tech transition disruption dented CNFH's AUM growth in September quarter, but this should normalize from December quarter
** Jefferies retains "Buy" rating with revised PT of 1,025 rupees from 1,075 rupees earlier
** "Despite the disbursement shortfall, the management maintained its FY27 disbursement guidance," Emkay says
** Ambit says CNFH's growth trajectory should improve from current levels as newer branches mature and business sourced through the direct sales team is also showing encouraging signs
** YTD, CNFH down ~19%
($1 = 95.7700 Indian rupees)
(Reporting by Vijay Malkar)
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