Stock Split, Dividend Declared, Nov 28, 2022: Real Estate, NBFC Stocks Announce, Buy?

Two stocks declared stock split and dividend on Monday. These stocks are Maxheights Infrastructure (stock split) and Can Fin Homes (dividend). Maxheights Infrastructure has announced its decision of stock split today and Can Fin Homes has declared dividend and fixed record date for the same.

Maxheights Infrastructure operates in Real Estate sector and Can Fin Homes operates in NBFC sector. Check key takeaways below:

1. Board Of Maxheights Infrastructure Approves Stock Split

The board of Maxheights Infrastructure said in the BSE filing, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the meeting of the Board of Directors of Max Heights Infrastructure Limited ('the Company') will be held on Tuesday, the 06th day of December, 2022 at 03:30 P.M. to consider sub division/ split of the Equity Shares of the Company."

2. Maxheights Infrastructure Stock Performance

The last trading price of the stock is Rs 26 apiece with an intraday gain of 4.98%. The stock's 52-week high is Rs 26 apiece and 52-week low is Rs 11 apiece. The company has a market capitalisation of Rs 41 crore. The stock has given 109% return in last 3-years, 99% return in last 1-year, 58% return in last 3-months, and 90% return in last 1-month only. The stock has jumped 26% in just 1-week.

3. Can Fin Homes Announces Dividend

The board of director of the company said in the BSE filing, "We wish to inform that the Board of Directors of the Company at its meeting held today i.e. November 28, 2022, Monday, had inter-alia considered and declared an 'Interim Dividend' of 'Rs.1.50 per equity share' of face value Rs.2/- each for the financial year 2022-23. Further, 'December 09, 2022, Friday,' has been fixed by the Board as the 'Record Date' to determine the list of eligible members for the payment of Interim Dividend."

The aforesaid Interim Dividend shall be credited by December 26, 2022, Monday.

4. Can Fin Homes Stock Performance

The last trading price of the stock is Rs 546 apiece with an intraday gain of 0.22%. The company has a market capitalisation of Rs 7276 crore. The stock's 52-week high is Rs 685 and 52-week low is Rs 408 apiece, respectively. 

The stock has jumped 38% in last 3-years, declined 7% in last 1-year, 14% in last 3-months, and gained 6% in last 1-month.

5. Should You Buy Can Fin Homes?

Leading brokerage firm Keynote Capitals has assigned buy rating on Can Fin Homes Limited (CFHL) with a target price of Rs 670 per share. The brokerage sees a potential upside of up to 23% from its current level. CFHL was incorporated by Canara Bank in association with HDFC and UTI. The Company focuses on low & middle-income group individuals, and first-time home buyers, with an average ticket size of Rs 2.1 Mn in FY22. According to the analyst, "We believe that CFHL will grow its loan book at 18-20% in the foreseeable future and maintain its robust asset quality. Given the strong business outlook, we ascribe an adjusted P/B multiple of 2.2x to FY24E adjusted Book Value resulting in a target price of Rs. 670 and an upside of ~27% from the CMP."

 

Disclaimer

The stocks provide details related to stock split, record date, and dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.