Synopsis
Repco Home Finance Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 2401.73 Crore) operating in NBFC sector.
Promoters held 37.1 per cent stake in the company as of March 31, 2021, while FIIs held 19.1 per cent, DIIs 20.3 per cent and public and others 23.6 per cent.
ICICI Securities has buy call on
Repco Home Finance with a target price of Rs 650. The current market price of Repco Home Finance is Rs 380.75. Time period given by analyst is one year when Repco Home Finance price can reach defined target.
Repco Home Finance Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 2401.73 Crore) operating in NBFC sector.
Shares of Repco Home Finance and PNB Housing Finance rallied by up to 18 per cent, hitting their respective 52-week highs on the BSE in intra-day trade on Thursday, in an otherwise weak market, amid heavy volumes.
LIC Housing Finance, GIC Housing Finance and Can Fin Homes were among other housing finance companies (HFCs) that too hit their respective 52-week highs in intra-day trade today as they gained between 4 per cent and 5 per cent. In comparison, the S&P BSE Sensex was down 0.61 per cent at 51,387 points around 01:15 pm.
The Reserve Bank of India (RBI) on Wednesday came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs.
Profitmart Securities Avinash Gorakshakar, in his chat with Zee Business Managing Editor Anil Singhvi has recommended buying into Repco Home Finance from the housing finance sector. Major business of Repco Home Finance comes from South of India. The company is headquartered in Chennai, Tamil Nadu. Repco Home Finance is operating through 131 branches and 29 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.
48% of the Repco Home Finance business comes from salaried class people while 52% of the business comes from people who are self employed. The performance of the company was very good last year. The Dividend policy and Business model of Repco Home Finance is extremely strong.