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Repco Home Finance Q3 Review: IDBI Capital Maintains 'Buy' On The Stock, Lowers Target Price — Here's Why

The brokerage maintains “Buy” rating with new target price of Rs 430 (earlier Rs 595), valuing it at 0.7x P/BV FY27E.

<div class="paragraphs"><p>Repco Home Finance Ltd.’s disbursements de-grew by 12% QoQ led by issues in Karnataka state. </p><p>(Photo Source: pxhere)</p></div>
Repco Home Finance Ltd.’s disbursements de-grew by 12% QoQ led by issues in Karnataka state.

(Photo Source: pxhere)

Management highlighted that Repco Home Finance wants to grow consciously going ahead, without affecting the asset quality. Further, guided disbursement of Rs 35 billion for FY25 to maintained, while higher repayments could lead to slight short of Rs 15 billion AUM. Valuations remain comfortable at 0.6X FY27E adjusted book value.
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