The uptick in Can Fin Homes' share price came ahead of the ex-date following the company's announcement of a dividend of Rs 6 per share for its shareholders
Shares of Can Fin Homes, the housing finance subsidiary of Canara Bank soared 7.8 per cent at Rs 898 per share on the BSE in Wednesday's intraday deals
Derivatives market update Oct 09: NSE F&O data shows that retail investors' are most bullish since the Lok Sabha poll outcome in June; their long-short ratio in index futures rose to 1.44.
LIC Housing Finance, PNB Housing Finance, Can Fin Homes and Bajaj Finance dropped in the range of 4 per cent to 6 per cent
Derivatives market update for Sept 16: Bank Nifty Sept futures traded at a discount to spot for the 2nd straight day on Friday. Among stocks, Muthoot Fin, Can Fin Homes, Bharat Forge saw long buildup.
Bajaj Housing Finance listing: GIC Housing Finance, Home First Finance Company India, PNB Housing Finance and Can Fin Homes rallied between 5 per cent and 15 per cent today
Derivatives market update for Sept 13: Data shows FIIs added fresh longs in Nifty futures, while covering some shorts in Bank Nifty; Retail, DIIs up short bets. Analysts upbeat on near-term outlook.
In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.
Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.