Stock of the Day – Repco Home Finance

One of the stocks that I am hearing a bit lot in recent times has been Repco Home Finance. The stock today made a all time high though it did close only slightly higher. The chart of Repco is interesting in the way it has moved from the time of listing till date. Has broken out two times, tested the break-out but not pierced them before moving to the next band.

In the fundamental circles, people have been pretty gaga on the stock owing to its strong financials (Highest NII among its peers, highest 5 year CAGR ratio (profits) among others). Looks like a good stock to own for the medium to long term.

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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