Canfin Homes: Currently quoting around Rs. 85/- against the project Book Value of Rs. 138/-, the stock is a subsidiary of Canara Bank Ltd. It is under accumulated phase and likely to go upto Rs. 110/- to 150/- in next 3-12 months time. In the longer term it is likely to go up to Rs. 180/- in next two years time giving a return of approx. 100% or a compounded return of 42% p.a for the next two years. One may keep in mind that this stock is a slow moving stock and therefore the time frame given above may or may not be adhered to.
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