Dolly Khanna holds Repco Home Finance in her Portfolio. The stock has under-performed but is a good buy for 32% upside potential

Dolly Khanna holds 1.13% of Repco Home Finance in her portfolio. The investment is worth ₹33 crore. According to Nuvama, REPCO reported steady credit growth aided by greater disbursements despite a higher repayment. The management has softened its stance on AUM growth but reiterated its operating metrics guidance. Nuvama expects minimal to negative credit cost to drive profitability. The franchise is the beneficiary of tailwinds in the housing sector aided by a credit linked subsidy scheme and NHB funding in Budget 2024. Nuvama has retained ‘BUY’ recommendation with a TP of INR610, an upside of 32% from its CMP.