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Synopsis
Repco Home is getting upgraded on the back of improved asset quality. According to analysts, most of its recent gains are credited to the well-laid-out plans by new CEO K Swaminathan. He brought back focus on growth with a target-oriented approach across departments, thereby bringing business stability. But investors are now eyeing sustained growth momentum.
In 2014, ace investor Basant Maheshwari gave a multibagger call on Repco Home Finance. Maheshwari, who picked up the lender’s shares in the initial public offering in March 2013, saw growth opportunities for the company that operated in the niche category catering to the non-salaried segment. This was also the time when affordable housing was the buzzword given the government’s focus on the sector. Maheshwari’s bet worked well. From the issue
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