Motilal Oswal has given Buy recommendation for Repco Home Finance recommended buy rating on the stock with a target price of Rs 430 in its research rep with a target price of Rs. 430 in its research report issued on Feb 17, 2021

Motilal Oswal’s research report on Repco Home Finance

Repco Home Finance (REPCO)’s PAT grew 14% YoY to INR796m in 3QFY21, 8% above our estimates. The PAT beat was driven by an NII beat, marginally offset by slightly higher provisions. The quarter gone by was characterized by a recovery in disbursements, improvement in margin, and maintenance of asset quality.

Outlook

We increase our FY22E/FY23E EPS estimate by 2-4% to factor in higher margin. Maintain Buy with a TP of INR430 per share (1x FY23E BVPS).

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