Stocks in Your Budget 2021 With Anil Singhvi: Profitmart Securities' Avinash Gorakshakar picks Repco Home Finance as a stock to buy

Profitmart Securities' Avinash Gorakshakar, in his chat with Zee Business Managing Editor Anil Singhvi has recommended buying into Repco Home Finance from the housing finance sector. Major business of Repco Home Finance comes from South of India. The company is headquartered in Chennai, Tamil Nadu. Repco Home Finance is operating through 131 branches and 29 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.

48% of the Repco Home Finance business comes from salaried class people while 52% of the business comes from people who are self employed. The performance of the company was very good last year. The Dividend policy and Business model of Repco Home Finance is extremely strong.

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Below are the key reasons for recommending Repco Home Finance stock- :

1) Numbers delivered in FY20 were strong, NII over Rs 500 cr, profit of Rs 80 cr, book value of Rs 316 and adjusted value of the book stood at Rs 280. Repco Home Finance gave a dividend of 25%.
2) Upcoming Budget will surely give soaps to the Affordable housing and Real Estate sector. This announcements will surely benefit companies like Repco Home Finance

जानिए #BudgetMyPick में आज बजट से पहले प्रॉफिटमार्ट सिक्योरिटीज के अविनाश गोरक्षकर ने किस शेयर को चुना शानदार कमाई के लिए?#BudgetOnZee #Budget2021 @AnilSinghvi_ @AvinashGoraksha pic.twitter.com/KlV6kOz8OR

— Zee Business (@ZeeBusiness) January 14, 2021

Repco home Finance should be bought at current levels of Rs 260 for target of Rs 320 – Rs 325 in next 6-12 months.