Canfin Homes -- Looks good

Canfinhome (courtesy Investment Growth)
CMP: 51

The hsg Industry is continuing to grow at a fairly vigorous pace. There are clear indications of increasing demand for houses whether in metros, urban or semi-urban centers there by offering good business opportunities to Housing Finance Companies. The available tax benefits would possibly further aid the Industry's growth.company is also re-orienting its strategies with a view to acquiring a higher share in business which, however, shall be sound and profitable by adopting the best Industry practices.

The Capital Adequacy of the company as at March 31, 2005 was 18.92% against the minimum stipulated requirement of 12%. This stock is under performer in the sector in spite of having Better fundamentals like eps of around 10, good payout 25% dividend,RONW is also 14.6 %
compared to `13.3 % of lic hsg which at quotin at p/e rato of 11.4 dewan hsg pp/e is around 15.compared which canfin is around 5.2.

INVESTORS CAN ACCUMULATE THIS STOCK AS SAFE investment for long term investment.