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Can Fin Homes Ltd. share price rose in the special Muhurat Trade session as Morgan Stanley maintained an Overweight rating and hiked target price following an upbeat second-quarter result. The brokerage has given a target price of Rs 1,000 from Rs 970.
The current target price implied an upside of 19% from Monday's close price.
Can Fin Homes has surprised the street with better-than-expected Net Interest Margin expansion. Its asset quality has also improved, Morgan Stanely said. The brokerage is projecting Can Fin Home's NIM to be of 4%, 3.9%, and 3.8% for the financial years 2026, 2027, and 208, respectively.
"We conservatively build in 15% YoY disbursem