Tuesday, July 20, 2010

Can Fin Home Finance Ltd.

Review:
Canfin Homes: Currently quoting around Rs. 148/- against the project Book Value of Rs. 160/-, the stock is a subsidiary of Canara Bank Ltd. It was recommended on 29.9.2009 at around Rs. 85/- with a price target of Rs. 110/- to 150/- in next 3-12 months time. In the longer term it is projected to go up to Rs. 180-250/- in next two years time. 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.

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