{"id":145367,"date":"2025-02-21T16:40:53","date_gmt":"2025-02-21T11:10:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145367"},"modified":"2025-02-21T16:40:56","modified_gmt":"2025-02-21T11:10:56","slug":"nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india\/","title":{"rendered":"NBFC stock jumps after signing contract worth \u20b9297 Cr with IBM India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2655690141\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a finance company specializing in providing home loan solutions rose by upto 2 percent following the selection of IBM India for the supply, implementation, and maintenance of core business solutions, infrastructure, and security solutions.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1445096703\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 7,961.29 crores on Friday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/CANFINHOME\" target=\"_blank\" rel=\"noreferrer noopener\">Can Fin Homes Limited<\/a><\/strong> jumped upto 1.6 percent making a high of Rs. 614.60 per share compared to its previous closing price of Rs. 604.95\u00a0 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p><strong>Can Fin Homes Limited<\/strong>, engaged in providing home loan solutions has approved the selection of IBM India Private Limited as the System Integrator for the supply, implementation, and maintenance of the Core Business Solution, Infrastructure, and Security Solution.<\/p><p>The contract, valued at Rs. 296.95 Crore for 7 years, includes services such as Loan Origination and Management Systems, Document Management, Cyber Security, IT infrastructure, and disaster recovery. The agreement covers 12 months of implementation, 3 months of warranty, and 5 years and 9 months of support and maintenance, with an optional 2-year extension.<\/p><div class=\"trade-content_5\" id=\"trade-1670027598\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Can Fin Homes Limited is a leading housing finance company in India, primarily focused on providing home loan solutions, and offers a wide range of products, including home loans, loans against property, and other housing-related financing options. The company serves both individuals and developers, helping to finance the purchase, construction, and renovation of residential properties.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Product-wise AUM (Q3FY25)<\/strong><\/h2><p>As of Q3FY25, Can Fin Homes assets under management (AUM) are distributed as follows: 77 percent in housing loans, 10 percent in housing commercial real estate (CRE), 6 percent in loan against property (LAP) and mortgages, 2 percent in top-up loans, and 5 percent in other segments.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company\u2019s total revenue rose by 9.3 percent from Rs. 901.93 crore to Rs. 986.14 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 200.14 crore to Rs. 212.12 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J&nbsp;<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2213364577\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a finance company specializing in providing home loan solutions rose by upto 2 percent following the selection of IBM India for the supply, implementation, and maintenance of core business solutions, infrastructure, and security solutions. Price action With a market capitalization of Rs. 7,961.29 crores on Friday, the shares of Can Fin Homes [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":43874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[17996,17997,27215,948,936,3157],"class_list":["post-145367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-can-fin-homes-latest-news","tag-can-fin-homes-share-price","tag-nbfc-stoc","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC stock jumps after signing contract worth \u20b9297 Cr with IBM India - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a finance company specializing in providing home loan solutions rose by upto 2 percent following the selection of IBM India for the supply, implementation, and maintenance of core business solutions, infrastructure, and security solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFC stock jumps after signing contract worth \u20b9297 Cr with IBM India\" \/>\n<meta property=\"og:description\" content=\"The shares of a finance company specializing in providing home loan solutions rose by upto 2 percent following the selection of IBM India for the supply, implementation, and maintenance of core business solutions, infrastructure, and security solutions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-21T11:10:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-21T11:10:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/IBM-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india\/\",\"url\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-after-signing-contract-worth-297-cr-with-ibm-india\/\",\"name\":\"NBFC stock jumps after signing contract worth \u20b9297 Cr with IBM India - 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