According to ICICI Securities, you can get a return of 135 percent on investment in this multibagger stock.

Multibagger Stock: In the last two years, many stocks have given multibagger returns, which investors have missed out on. But ICICI Securities has advised investors to invest in one such multibagger stock. The name of the stock is Repco Home Finance, which is a company associated with the housing finance sector.

ICICI Securities said that Repco Home Finance is an undervalued stock and has given a new target price of Rs 563 for the stock. Still about 135 percent more than the current price of the stock. Let us tell you that earlier also ICICI Securities had given buy advice on this stock with a target price of Rs 650. Repco Home Finance shares closed at Rs 233, down 1.69 per cent on the stock exchange on Thursday.

Motilal Oswal has also given a target price of Rs 370 to Repco Home Finance shares, which is about 58 per cent higher than its current price. So HDFC Securities has given a target price of Rs 328 to Repco Home Finance shares for a period of one year, which is almost 40 per cent higher than its current price.

When Repco Home Finance’s third quarter financial results came out, it disappointed Abazaar. Despite this, some brokerages are advising to buy as they believe that the business of the company can pick up and in the coming times, its asset quality and loan book can see fast growth. The company’s third quarter results were disappointing, with profits falling 60 per cent to Rs 31.47 crore. The brokerage said that the arrival of a new CEO in the company is an important event at this juncture.

According to the brokerage house, Repco’s new CEO K Swaminath may join the company from April and after that the company’s growth strategy and new business initiatives will be closely monitored as these will serve to guide the company. The appointment of K Lakshmi as CFO in the company is also being considered positive. Due to all these reasons, many brokerages have expressed the possibility of a rise of 30 to 135 percent in its shares in the next one year.

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