Grow with Repco

Repco Home Finance is flexing it's muscle since the start of this month and it touched it's resistance line first at Rs . 474 and then at Rs . 482 in March. If Repco Home breaks it's resistance line and closes above it then it can go much higher. It's a very good company among other housing finance names with a compounded annual sales growth of nearly 31% in last 10 years and a compounded profit growth of nearly 30% in last 10 years. Average return on equity in last 10 years has been 17% and is available at a PE of 12.3 on trailing twelve month basis. So both fundamentally and technically it can be a good bet. If it closes above 474 then it could be bought with a stop loss at Rs . 433. Happy Investing :)


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