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Rakesh Madhav CFA

2nd Oct · SEBI-Registered Analyst

📈 Samman Capital – Strong Breakout on High Volumes

SAMMAANCAP
🔍 Fundamentals: Formerly Indiabulls Housing Finance, now rebranded as Sammaan Capital. Core focus: home loans, loan against property, and MSME / business credit. Balance sheet size ~ ₹0.70 trillion as of March 2025. Credit rating: “AA / Stable” by CRISIL & ICRA. Key ratios: • Debt-to-equity ~ 1.77× • Return on Assets (ROA) ~ 1.3–1.5% range • Return on Capital Employed (ROCE) has shown strong values (~24.6% / 33.4%) Challenges: Profit growth over past years has been weak, operating income decline, and volatility in performance. Recent big move: The company raised $300 million via overseas bonds – a signal of confidence from external investors. 📈 Technicals (based on your chart): The stock jumped ~ +5.4% today, forming a strong bullish candle with heavy volume — a breakout from recent consolidation. RSI is ~ 80+, showing strong momentum (but edging into overbought territory). Important support is seen near ₹149. Resistance / target zones to watch: ₹174, then ₹185 and if momentum continues, potentially ₹213. Suggested stop-loss (closing basis): ₹148 to guard against reversal. 📣 Simple Post Version (Tech + Fundamental): “Sammaan Capital — Breakout meets fundamentals Stock surged ~5.4% today on strong volume, breaking out of consolidation. RSI is high, showing momentum with support around ₹149. On fundamentals, Sammaan is a mortgage-focused NBFC (ex-Indiabulls Housing), with a ₹0.70T balance sheet and “AA / Stable” credit rating. But growth has seen headwinds, and recent bond raising ($300M) shows external confidence. Watch for follow-through above ₹174, with targets at ₹185 / ₹213 and a stop-loss near ₹148.”

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