India's Repco Home Finance gains over 5% on ICICI Securities' bullish view

Repco Home Finance

24/11/2022 09:00

** Shares of Repco Home Finance Ltd  RHFL.NS  rise as much
as 5.6% to 235.7 rupees, their biggest intraday pct gain since
Nov. 14
    ** ICICI Securities sees more than 100% upside for co's
shares, saying co's business franchise as well as the stock is
currently undervalued
    ** RHFL's stage 3 assets -- which have strong impairment
chances -- were encouraging in the recent quarter and its loan
disbursements surpassed expectations and stress pool was managed
better - ICICI Securities 
    ** RHFL early this month reported 17.2% fall in net profit
    ** About 202,861 shares change hands by 0844 GMT vs 30-day
avg of 168,886 shares
    ** Seven of the ten analysts covering the stock have a "buy"
or "strong buy" rating, while three have "hold"; median PT is
272 rupees - Refinitiv data
    ** Stock down 16.6% so far this year, as of last close
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))