Neutral Repco Home Finance; target of Rs 500: Motilal Oswal
Thu, Nov 14, 2024 3:45 PM

Neutral Repco Home Finance; target of Rs 500: Motilal Oswal

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Repco Home Finance's 2QFY25 PAT grew 15% YoY to INR1.1b, in line with expectations, driven by healthy growth in other income and provision write-backs. The company's GNPA and NNPA declined, while opex rose 21% YoY. Motilal Oswal cut its FY26/FY27 estimates by 5% each and reiterated a Neutral rating with a revised TP of INR500.

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