Latest news with #CanFinHomesLtd
Economic Times
09-07-2025
- Business
- Economic Times
Stock Radar: Why Can Fin Homes turn out to be a good short-term buy? Check target & stop loss
Can Fin Homes Ltd, part of the housing finance company, has been in an uptrend since 2018 on the monthly scale. After testing the 100-month exponential moving average, it has been making higher lows for the past 4 traders can look to buy the stock for a target of Rs 920 in the next 1-2 months, suggest housing finance company stock hit a high of Rs 951 on September 13, 2024, but it failed to hold the momentum. It
Time of India
27-06-2025
- Time of India
After Indore and Andhra, now Telangana woman in affair with boss kills husband
Jogulamba Gadwal police on Thursday arrested eight people, including a newly-wed woman and her lover, in connection with the abduction and murder of 32-year-old land surveyor Ganta Tejeshwar on June 17. According to police, the murder was masterminded by V Tirumala Rao, 35, a manager at Can Fin Homes Ltd in Kurnool, and his lover Sahasra, also known as Aishwarya, 23, who was Tejeshwar's wife. The duo enlisted a gang by offering cash and other incentives to carry out the crime. All eight accused have been remanded to judicial custody, while police plan to seek further custody for crime scene reconstruction and recovery of evidence. How did they carry out the murder Tirumala Rao was in an illicit relationship with Aishwarya. After her family arranged her marriage to Tejeshwar in December 2024, Aishwarya and Tirumala Rao conspired to eliminate him. To execute the plan, Rao promised cash and quick bank deals to two men, Nagesh and Parashuramudu, who then roped in a third accomplice, Raju. Live Events The trio approached Tejeshwar pretending to be land buyers and even planted a GPS tracker on his bike to monitor his movements. On June 17, they picked him up near Krishna Reddy Bungalow in a rented car and took him to a remote location near Erravalli, where they slit his throat and strangled him. His body was later dumped in a canal near Panyam Ghat Road in Nandyal, and his mobile phones were discarded in the Krishna river. Tirumala Rao paid the gang Rs 3.5 lakh and helped coordinate the disposal of evidence. Although Aishwarya's mother Sujatha was aware of the plot, she did not participate. Rao's father, Tirupataiah, assisted him in evading arrest. Police have seized the rental car used in the crime, while two other vehicles are yet to be recovered. The accused include: Tirumala Rao, Aishwarya, three contract killers - K Nagesh, 33, Ch Parashuramudu, 30, and Ch Raju, 25 - Tirumala Rao's father Tirupataiah, 64, a retired APSP cop, Aishwarya's mother Sujatha, 50, and A Mohan, 30, a mason from Jammiched village who tracked Tejeshwar's movements. Gadwal SP T Srinivasa Rao said Tirumala Rao and the three killers were caught at the Pulluru inter-state toll plaza during a vehicle check around 5am on Thursday. Their confession led to the arrest of the others from Kurnool and Gadwal.
Time of India
27-06-2025
- Time of India
GPS tracker on bike, cash in hand, killers on call: Mother-daughter love triangle ends in husband's killing in Telangana; chilling details of Gadwal murder
NEW DELHI: What began as a quiet marriage in Telangana's Gadwal town ended in a meticulously planned murder involving betrayal, an illicit affair, and contract killers. The victim — 32-year-old land surveyor Ganta Tejeshwar — was abducted and killed allegedly at the behest of his wife and her lover, who used a GPS tracker and a team of hired men to carry out the crime. Police have now arrested eight people, including the wife, her lover, and three contract killers. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Victim tracked with GPS before killing Police say the prime accused, V Tirumala Rao, 35, a manager at Can Fin Homes Ltd in Kurnool, and his lover T Sahasra alias Ishwarya, 23 — Tejeshwar's wife — monitored the victim's movements for over a month. A GPS tracker was secretly placed on Tejeshwar's motorbike, and a local man named Jagan, from Gadwal, was enlisted to provide real-time updates. From plot to kill his own wife to murdering her husband Initially, Rao had allegedly planned to kill his own wife, but dropped the idea fearing repercussions from both families. He and Ishwarya then decided to eliminate Tejeshwar, who had married her just weeks earlier. Rao promised money and favours to a group of hired men from Kurnool to execute the murder. Killers posed as land buyers, lured victim to isolated spot The three killers — K Nagesh, Ch Parashuramudu, and Ch Raju — befriended Tejeshwar by pretending to be land buyers. On June 17, they picked him up in a rented car near Krishna Reddy Bungalow in Gadwal and drove him to an isolated location near Erravalli. There, they slit his throat and strangled him inside the vehicle. His body was later dumped in a canal near Panyam Ghat Road in Nandyal, and his mobile phones were discarded in the Krishna River. Gang paid Rs 3.5 lakh; body shown to mastermind before disposal After the killing, the accused met Tirumala Rao in Panyam and showed him the body. Rao allegedly paid the gang ?2 lakh on the spot, part of the promised Rs 3.5 lakh. While they initially considered burying the body on Rao's land, they later dumped it in the canal to avoid detection. The Swift Dzire used in the crime was later recovered. Vehicle check busts escape plan The escape plan fell apart when police intercepted the car carrying Rao and the three killers at the Pulluru inter-state toll plaza. A vehicle check led to their arrest. Based on their confessions, police arrested five more individuals: T Sahasra alias Ishwarya, wife of the victim and co-conspirator Tirupataiah, 64, Rao's father and a retired APSP constable, who helped him hide Sujatha, Ishwarya's mother, who was aware of the plot A Mohan, 30, a mason from Jammiched village who helped track Tejeshwar Jagan, the local informer from Gadwal All eight have been remanded to judicial custody. Police are now seeking custody for crime scene reconstruction and recovery of remaining evidence, including two more vehicles used in the crime. A troubled marriage from the start Tejeshwar, a resident of Rajaveedhi in Gadwal town, married Ishwarya on May 18 at a temple in Beechupalli, despite initial resistance from Tejeshwar's family. Their original wedding in February was called off after Ishwarya went missing days before the ceremony. She resurfaced later claiming financial struggles, and convinced Tejeshwar to go ahead with the marriage. However, differences emerged within weeks. Tejeshwar was reportedly disturbed by his wife's constant phone conversations with a man he did not know — now believed to be Tirumala Rao. Affair began with mother, shifted to daughter Investigators say Rao initially had a relationship with Sujatha, Ishwarya's mother, who worked as a sweeper at his office. In her absence, Ishwarya took over the cleaning duties, leading to her own affair with Rao. Police say she was fully aware of the murder conspiracy and even shared her husband's live location with the killers.
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Business Standard
05-05-2025
- Business
- Business Standard
Can Fin Homes targets 20% disbursement growth in FY26 on rate relief
Can Fin Homes Ltd plans to grow disbursements by 20 per cent year-on-year (YoY) in the current financial year (FY26), up from five per cent in FY25, on the back of softening interest rates and improved business conditions in Karnataka and Telangana. It disbursed loans worth ₹8,568 crore in FY25, compared to ₹8,178 crore in FY24. Suresh Iyer, Managing Director and Chief Executive, Can Fin Homes, told Business Standard, 'The housing sector is looking up. The lower policy rates mean lower equated monthly instalments (EMIs), and that is definitely a positive.' Internally, the company is targeting 20 per cent disbursement growth, which should result in 13–15 per cent growth in assets under management (AUM) in FY26. Its outstanding loan assets grew by 9 per cent YoY to ₹38,217 crore as of end-March 2025. The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions. The issue with e-Khata, a digitised version of certificates providing property owners with a secure online platform, has since been resolved. In Telangana, where the issue was more sentiment-driven and the base was already lower, Iyer said, 'While we may not go back to the old numbers, there will definitely be growth.' Referring to the easing interest rate cycle, Iyer said liquidity is ample and the Reserve Bank of India has already cut the policy repo rate by 50 basis points. Another 50-basis-point cut is anticipated. Once the company sees a reduction in its cost of funds, it expects to pass on 35–50 basis points of benefit to customers, subject to market conditions. On the liabilities side, the company sources 55 per cent of its funds from the banking sector and another seven per cent through commercial papers. 'So whenever rates come down, over 60 per cent of our liabilities get repriced, creating room for passing on benefits,' Iyer added.
Business Upturn
24-04-2025
- Business
- Business Upturn
Stock Market Update: Why are Can Fin Homes shares falling over 3% today
By Aditya Bhagchandani Published on April 24, 2025, 09:47 IST Shares of Can Fin Homes Ltd. fell over 3% to Rs 735.10 in early trade on April 24 despite reporting a steady financial performance for Q4 FY25. The decline surprised investors, especially after Morgan Stanley maintained an overweight rating on the stock with a target price of Rs 800, following stronger-than-expected profit figures. Q4 FY25 financials beat estimates, but stock dips Can Fin Homes reported a 12% year-on-year rise in net profit to Rs 234 crore, up from Rs 209 crore in Q4 FY24. Sequentially, profit grew by 10%. Pre-provision operating profit (PPOP) rose 8% YoY to Rs 295 crore, 1% above estimates, while net interest income (NII) climbed 6.4% YoY to Rs 349 crore. Disbursements stood at Rs 2,455 crore, up 31% QoQ and 6% YoY, in line with guidance. However, despite the beat, the market appears to be reacting cautiously to management commentary on FY26 loan growth, which Morgan Stanley flagged as a key factor to monitor. Asset quality remains stable, dividend announced The company reported improvement in asset quality. Gross NPA ratio declined to 0.87% from 0.92% in Q3, while net NPA ratio (excluding management overlay) improved to 0.46% from 0.50%. The Board declared a final dividend of Rs 6 per share, adding to the interim dividend of Rs 6, totaling Rs 12 for FY25 on a face value of Rs 2. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
