Can Fin Homes Receives 'Buy' Rating from MarketsMOJO, Shows Strong Long-Term Fundamentals

Can Fin Homes, a midcap finance company specializing in housing, has recently received a 'Buy' rating from MarketsMOJO. This upgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 17.17%.
In addition, Can Fin Homes has consistently delivered positive results for the last 9 quarters, with its operating cash flow at its highest at Rs -2,569.60 Cr and a 21.58% growth in profits (PAT) in the last 9 months. Its net sales have also reached a high of Rs 931.08 cr.

From a technical standpoint, the stock is currently in a bullish range and has shown improvement since September 13, 2024. Multiple factors, such as MACD, Bollinger Band, KST, and DOW, indicate a bullish trend for the stock.

Furthermore, Can Fin Homes has a high institutional holding of 39.31%, indicating that these investors have the capability and resources to thoroughly analyze the company's fundamentals.

However, there are some risks associated with investing in Can Fin Homes. With an ROE of 17.7, the stock is currently trading at a premium compared to its historical valuations, with a price to book value of 2.9. Additionally, the stock has underperformed the market in the last year, generating a return of 20.24% compared to the market's return of 35.91%.

Despite these risks, Can Fin Homes remains a strong midcap company in the finance industry, with a positive outlook and potential for growth. Investors should carefully consider their options and do their own research before making any investment decisions.