Repco looking for revivalRepco Home Finance Ltd. is one of the leading housing finance company registered with National housing bank. The main products of the company are different category of home & plot loans such as dream home loan, home makeover loan NRI Housing loan & commercial real estate loan etc. Repco Home Finance CMP is 209.
Negatives aspects of the company are declining annual net profit, FIIs are decreasing stake, high debt. Positive aspects of the company are improving cash from operations annual, zero promoter pledge, MF are increasing stake.
Entry in the stock can be taken at 214. The short-term targets are 225, 235 & 243. The long-term targets are 254, 262 & 278. Keep a stop loss at 195.
REPCOHOME
REPCO HOME FIN LTD Trend AnalysisFundamentally undervalued as price is trading at 60% of its book value and it's PE is 1/3rd of the sector's PE.
With an increase in REPO rates, borrowings are getting hit but financing margin is improving.
After a long downtrend of around 3 years in a bearish impulsive move, now price is showing bullish corrective move which may end at 540 or 715 level.
Alternatively price is moving inside a descending channel and now it's preparing for a break out.
In case it fails to break out, price can plunge towards 175 level.
Good to accumulate for the following targets:
Short term swing target @ 380 (65% ROI from CMP)
Medium term swing target @ 560 (143% ROI from CMP)
Long term swing target @ 715 (210% ROI from CMP)
Usually the corrective moves have good momentum.
Do your own due diligence before taking any action.
Peace!!
#GICHSGFIN #IBULHSGFIN #REPCOHOME #LICHSGFIN #HDFC #HUDCO #LOAN
NSE: GICHSGFIN
CMP: 143
Target 183 ~28%
Stop Loss: 129
TF < 3M
RR > 2.8
NSE:GICHSGFIN
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia