Bullish for CANFINHOME: Growth Focus & Branch Expansion Drive Future

The article highlights Can Fin Homes' strategic shift towards aggressive growth, particularly in South India, with plans to expand its branch network. This indicates a proactive management approach to capture market share in the housing finance segment.

This renewed focus on growth is significant for traders as it suggests potential for increased loan book, higher revenue, and improved profitability for Can Fin Homes. The company's historical underperformance followed by a turnaround narrative makes it an interesting case for long-term investors.

Can Fin Homes (CANFINHOME) is directly impacted positively due to its growth initiatives and improving financial metrics. Canara Bank (CANBK), as the promoter, could also see indirect positive sentiment from the strong performance of its housing finance subsidiary. The broader housing finance sector could also see increased investor interest.

Traders should monitor Can Fin Homes' quarterly results for continued growth in loan disbursements, net interest margins (NIMs), and asset quality. Watch for further branch expansion announcements and any updates on its strategic focus, especially in competitive markets.

• •Can Fin Homes is sponsored by Canara Bank.
• •Company is focused on home loan business, mainly in South India and Bangalore.
• •Plans to increase branches to 70 by end of FY13 (from 52 in FY12).
• •Suffered from slow growth till FY11 but showed strong growth focus since FY12.
• •Expected to post EPS of 25-26 based on half-yearly results.