External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Can Fin Homes (CANF) reported strong set numbers in Q4FY22 with the pick-up in loan growth led by higher disbursements, improved NIMs due to higher yields, and robust asset quality</li><li>We remain positive on the stock given its favourable loan mix, comfortable liquidity position, and robust CAR (23.3%)</li><li>We maintain BUY with a target price of Rs 790 (2.5x FY24E BV), implying an upside of 23% from CMP.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Can Fin Homes (CANF) reported strong set numbers in Q4FY22 with the pick-up in loan growth led by higher disbursements, improved NIMs due to higher yields, and robust asset qualityWe remain positive on the stock given its favourable loan mix, comfortable liquidity position, and robust CAR (23.3%)We maintain BUY with a target price of Rs 790 (2.5x FY24E BV), implying an upside of 23% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Can Fin Homes: Growth Momentum Strong; Maintain BUY

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

<div><div><div><div><ul><li>Record disbursements: The company recorded disbursements worth Rs27bn in 4QFY22, increasing by 35.2% YoY and 9.4% QoQ.</li></ul><div><div><div><div><ul><li>Loan growth strong on the back of record disbursements: Overall loan book increased by 19.7% YoY and 5.1% QoQ to Rs263.8bn.</li></ul><div><div><div><div><ul><li>NIM expansion aided by yield improvement and stable CoF.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Record disbursements: The company recorded disbursements worth Rs27bn in 4QFY22, increasing by 35.2% YoY and 9.4% QoQ.Loan growth strong on the back of record disbursements: Overall loan book increased by 19.7% YoY and 5.1% QoQ to Rs263.8bn.NIM expansion aided by yield improvement and stable CoF.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Can Fin Homes - Record Disbursements and Margin Expansion Aid Earnings

<ul><li>Can Fin Homes (CANF) reported encouraging numbers in Q3FY22 with the pick-up in loan growth led by higher disbursements, improved NIMs due to higher yields, and strong asset quality</li><li>AUM grew 20% YoY/6% QoQ, led by higher disbursements (up 123% YoY/12% QoQ).</li><li>We believe CANF has notable scope for expansion in valuations and we maintain a BUY with a revised target price of Rs 750.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Can Fin Homes (CANF) reported encouraging numbers in Q3FY22 with the pick-up in loan growth led by higher disbursements, improved NIMs due to higher yields, and strong asset qualityAUM grew 20% YoY/6% QoQ, led by higher disbursements (up 123% YoY/12% QoQ).We believe CANF has notable scope for expansion in valuations and we maintain a BUY with a revised target price of Rs 750.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Can Fin Homes: Loan Growth Picks Up; Maintain BUY

<p>We believe CANF has notable scope for expansion in valuations and hence maintain a BUY rating on the stock with a target price of Rs 800 (3x FY23E ABV).</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We believe CANF has notable scope for expansion in valuations and hence maintain a BUY rating on the stock with a target price of Rs 800 (3x FY23E ABV).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Can Fin Homes: Margin & Growth Improves; Maintain BUY

<p>Can Fin Homes (CANF) – promoted by Canara Bank (30% stake), is a 33 year old retail-focused housing finance company. Headquartered in Bangalore, it has a pan-India presence with 165 branches, 21 Affordable Housing Loan Centers, and 14 Satellite Offices spread across 21 States/Union Territories. The company’s 90% of the loan book is for Housing and the rest 10% is for the Non-housing segment.</p><p>We recommend a BUY on the stock with a target price of Rs 738/share.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Can Fin Homes (CANF) – promoted by Canara Bank (30% stake), is a 33 year old retail-focused housing finance company. Headquartered in Bangalore, it has a pan-India presence with 165 branches, 21 Affordable Housing Loan Centers, and 14 Satellite Offices spread across 21 States/Union Territories. The company’s 90% of the loan book is for Housing and the rest 10% is for the Non-housing segment.We recommend a BUY on the stock with a target price of Rs 738/share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Can Fin Homes (CANF IN)

India

Can Fin Homes is a housing finance company promoted by Canara Bank, focusing primarily on individual housing loans for middle-aged first-time homebuyers in the affordable and middle-income sectors. The company provides housing loans for construction, purchase, and renovation, as well as non-housing loans like mortgage and top-up loans. Headquartered in Bengaluru, Karnataka, India, the company was founded in 1987.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Can Fin Homes (CANF IN)

Can Fin Homes: Growth Momentum Strong; Maintain BUY

We remain positive on the stock given its favourable loan mix, comfortable liquidity position, and robust CAR (23.3%) We maintain BUY with a...

Axis Direct

Can Fin Homes - Record Disbursements and Margin Expansion Aid Earnings

Can Fin Homes reported strong earnings growth of 28% YoY on the back of record high disbursements. NII grew by 27.7% YoY as NIM expanded by 46bps...

Nirmal Bang

Can Fin Homes: Loan Growth Picks Up; Maintain BUY

Can Fin Homes (CANF) reported encouraging numbers in Q3FY22 with the pick-up in loan growth led by higher disbursements, improved NIMs due to...

Axis Direct

Can Fin Homes: Margin & Growth Improves; Maintain BUY

We believe CANF has notable scope for expansion in valuations and hence maintain a BUY rating on the stock with a target price of Rs 800 (3x FY23E...

Axis Direct

Pick of the Week: Can Fin Homes (CANF IN)

We recommend a BUY on the stock with a target price of Rs 738/share. Can Fin Homes (CANF) – promoted by Canara Bank (30% stake), is a 33 year old...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)