InvestorQ : Why was the stock of Can Fin Homes up so sharply on 16 June, Tuesday?
indhumathi Sayani made post

Why was the stock of Can Fin Homes up so sharply on 16 June, Tuesday?

Answer
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shrinidhi Rajan answered.
3 months ago


The stock surged almost 11% after smart results reported for the Marr-20 quarter. Can Fin Homes reported 35.84% rise in net profits to Rs.90.91 crore Mar-20 helped up by higher interest income. Net interest income for the March quarter was up by 35% at Rs.186 crore and the net interest margin or NIM improved from 3.29% to a much healthier level of 3.52%. Can Fin Homes also saw improvement in asset quality with gross NPAs under check at 0.76%; one of the lowest in the housing finance industry. The stock reacted positively to the strong set of numbers.