Can Fin Homes gains after falling 26% in two trading sessions

Can Fin Homes rallied 17% to Rs 1,459 on BSE in intra-day trade, after falling 26% in the past two trading sessions.

On Tuesday, November 15, Catamaran Capital had offloaded 153,041 equity shares worth of Rs 20 crore of the housing finance company via open market transaction.

Catamaran Capital sold the shares at average price of Rs 1,290.32 on the NSE, as per the bulk deal data Future & Option Trading Tips

The names of the buyers were not immediately ascertained.

As of September 30, 2016, Catamaran Management Services Private Limited held 344,183 shares or 1.29% stake in Can Fin Homes, the shareholding pattern data shows.

In past two trading sessions, the stock had tanked 26% from Rs 1,689 to Rs 1,252. Thus far in November, it fallen 33% from Rs 1,862, as compared to 5.8% decline in the S&P BSE Sensex till yesterday.

Till October, the stock had a strong run-up, rallied 73% during the calendar year 2016 against 7% rise in the benchmark index Astrology and Numerology Trading Tips

On the impact of demonetization on Can Fin Homes, the company clarified that 88% of the total loan book of Canfin is housing loans and 12% comprise non-housing loans. Of the non-housing segment about 50% i.e. 6% of the total loan book comprises of Loan Against Property (LAP). LINK