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    What explains the distressed valuation of this housing finance company?

    Mortgage lender's stock has plunged 49 percent year-to-date (YTD) compared to a 9 percent fall in the Nifty in the same period

    Neha Dave
    June 28, 2022 / 02:34 PM IST
    What explains the distressed valuation of this housing finance company?

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    The stock of Repco Home Finance (CMP: Rs 134 ; Mcap: Rs 837  crore), a mortgage lender operating mainly in South India, has plunged 49 percent year-to-date (YTD) compared to a 9 percent fall in the Nifty in the same period. The mortgage lender’s weak performance in the last fiscal explains much of the stock’s underperformance. For Repco, FY22 was a rough period marked by a lack of growth and significant deterioration in asset quality. Profitability was marred by a...

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