Buy Repco Home Finance, target Rs 450: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Repco Home Finance Ltd. with a target price of Rs 450. The current market price of Repco Home Finance Ltd. is Rs 433.85. Time period given by the analyst is Intra Day when Repco Home Finance Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 424. Repco Home Finance Ltd., incorporated in 2000, is a midcap company with a market cap of Rs 2714.22 crore.

Repco Home Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 1076.98 Crore to Sales Value (97.42 % of Total Sales), Processing Charges which contributed Rs 23.24 Crore to Sales Value (2.10 % of Total Sales) and Other Operating Revenue which contributed Rs 5.21 Crore to Sales Value (0.47 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 290.86 Crore, up 1.37 % from last quarter Sales of Rs 286.93 Crore and up 4.25 % from last year same quarter Sales of Rs 278.99 Crore Company has reported net profit after tax of Rs 66.58 Crore in latest quarter. The company’s top management includes Mr.Dinesh Ponraj Oliver, Mr.G R Sundaravadivel, Mr.K Sridhar, Mr.L Munishwar Ganesan, Mr.T S Krishnamurthy, Mr.V Nadanasabapathy, Mr.Yashpal Gupta, Mrs.R S Isabella. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 62,561,362 shares outstanding.