InvestorQ : Why did the stock price of Can Fin homes go up so sharply on 26 August?
sara Kunju made post

Why did the stock price of Can Fin homes go up so sharply on 26 August?

Answer
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Mary Joseph answered.
2 months ago


Can Fin Homes stock was up 8.6% on 26 August on the back of good Jun-20 quarter numbers announced. Net profits of Can Fin Homes grew 15% to Rs.93.15 crore on better and more efficient cost management and a spurt in top line too.

Can Fin reported total income up 8% at Rs.523 crore for the Jun-20 quarter. As on Jun-20, the company has already provided Rs.72.89 crore, reducing the risk with its substantial asset cover. Can Fin offers housing loan to individuals builders/developers and LAP.