Can Fin Homes hits record high after reporting robust Q2 results

Can Fin Homes rose 2.86% to Rs 1,003.60 at 14:50 IST on BSE after net profit jumped 91.76% to Rs 35.38 crore on 32.71% rise in net total income from operations to Rs 263.38 crore in Q2 September 2015 over Q2 September 2014.

The company announced results during market hours today, 20 October 2015.

Meanwhile, the BSE Sensex was down 103.23 points, or 0.35%, to 27,269.99.

On BSE, so far 43,393 shares were traded in the counter, compared with an average volume of 14,048 shares in the past one quarter.

The stock hit a high of Rs 1,027.70, which is also a record high for the stock. The stock hit a low of Rs 983 so far during the day. The stock hit a 52-week low of Rs 406.21 on 17 December 2014.

The stock had outperformed the market over the past one month till 19 October 2015, gaining 17.53% compared with Sensex's 4.37% rise. The scrip had also outperformed the market in past one quarter, rising 20.93% as against Sensex's 3.86% fall.

The mid-cap company has an equity capital of Rs 26.62 crore. Face value per share is Rs 10.

Can Fin Homes' main business is to provide loans for the purchase and construction of residential houses.

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