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Nirmal Bang Upgrades Can Fin Homes Shares To 'Buy' On Attractive Valuations, Sees 29% Upside
The stock has corrected 13% over the past month and is trading at a 22% discount to five-year average price/adjusted book value, adds Nirmal Bang.
20 Feb 2025, 10:22 AM IST 
Can Fin Homes share has corrected 13% over the past month and is trading at a 22% discount to five-year average price/adjusted book value.
(Photo source: Company website)
Can Fin Homes reiterated its guidance for spreads/ net interest margin at 2.5%/ 3.5% in FY25 supported by a higher share of loan-against-property/ self employed. ~56% of its borrowing is sourced from banks (linked to Repo/ T-Bill) and it expects to pass on 10-15 bps to the customer (due to the recent rate cut).
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