The company's asset quality remained stable with gross NPA & Net NPA at 0.80 per cent & 0.59 per cent, respectively. The company’s loan book surpassed the Rs 20,000 crore mark with a clientele base of 1.55 lakh.
The management said the company’s focus now is on affordable housing with a proper mix of non-housing segments. Can Fin Homes
propose to raise Rs 1,000 crore through fresh equity via rights issue/qualified institutional placement (QIP) of by preferential issue.
At 01:20 pm, the stock was trading 15 per cent higher at Rs 450 on the BSE, as compared to 0.25 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped more than 25-fold with a combined around 5 million shares changing hands on the NSE and BSE so far.
Following the Q3 results of Can Fin Homes, stocks of Repco Home Finance (up 13 per cent at Rs 366), GIC Housing Finance (7 per cent at Rs 165), PNB Housing Finance (6 per cent at Rs 563) and LIC Housing Finance (5 per cent at Rs 486) also rallied more than 4 per cent in an otherwise weak market.