Repco Home Finance stock: Sharekhan initiates coverage with a Buy Rating and price target of Rs 330 | Know key risk
Repco Home Finance is an attractively valued housing finance company (HFC) with a niche loan book (salaried/professional borrower mix is 48:52, Tamil Nadu forms 56% of loan book) with stable asset quality, strong ratings and good return ratios. Repco Home Finance is well capitalised and has a strong business model. Despite the fierce competition in the home loan market, Repco’s presence in the niche small-ticket, non-salaried home loan segment has helped it maintain attractive spreads as compared to peers as well as face lesser competition from banks, etc.
Repco Home Finance has an attractive business model of housing mortgages, which caters to a segment largely under-served by banks and other NBFCs: Reuters