Introduction:
Leading finance company has approved the selection of a system integrator for implementing and maintaining core business solutions, infrastructure, and security systems. The ₹296.95 crore contract spans seven years, ensuring enhanced digital capabilities and operational efficiency in financial services.
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Share price movement of Can Fin Homes:
On February 21, 2025, Can Fin Homes Ltd. opened at ₹609.90, up 1.12% from its previous close of ₹604.95. The stock reached a high of ₹614.60 (1.60%) and a low of ₹598.00. By 12:50 PM, it traded at ₹598.20, with a market cap of ₹7,965.28 crore.
Can Fin Homes Awards ₹296.95 Cr Contract:
Can Fin Homes Limited has appointed IBM India Private Limited as the system integrator for supplying, implementing, and maintaining its Core Business Solution, Infrastructure, and Security Solution. The board approved this selection through a circular resolution on February 20, 2025.
The ₹296.95 crore contract spans seven years, including a 12-month implementation phase, a three-month warranty period, and five years and nine months of support and maintenance. It also includes an optional two-year extension. IBM will manage key solutions like Loan Origination, Risk Management, and Cyber Security.
This collaboration is expected to enhance Can Fin Homes’ digital infrastructure with cloud-based solutions, data security frameworks, and advanced network operations. The initiative aligns with the company’s vision to strengthen its IT capabilities and improve operational efficiency.
Stock performance of Can Fin Homes for Period of 1 week, 6 months and 1 year:
Can Fin Homes Ltd. has shown a marginal decline of 0.37% over the past week. Over six months, the stock has dropped 28.8%, while its one-year return stands at -23.9%, reflecting a significant downtrend in its performance.
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Shareholding pattern of Can Fin Homes:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 30% | 30% | 30% |
| FII | 11% | 12% | 12% |
| DII | 28.10% | 27.50% | 27.80% |
| Public | 30.50% | 30.80% | 30.70% |
About Can Fin Homes:
Can Fin Homes Ltd. (NSE: CANFINHOME) is a deposit-taking housing finance company registered with NHB. With Canara Bank holding a 29.99% stake, it specializes in smaller ticket-sized housing loans for salaried, professional, and self-employed non-professional (SENP) borrowers.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
