India's Repco Home Finance hits highest in over 4-1/2 yrs on Q2 profit jump

Repco Home Finance

07/11/2023 04:27

** Shares of Repco Home Finance  RHFL.NS  rise as much as
9.8% to 456.8 rupees, highest since April 10, 2019
    ** Stock on track for fourth consecutive session of gains,
if trend holds
    ** The lender said its consol net profit surged 37.9% Y/Y,
total rev from ops rose 21%
    ** Co aided by strong loan disbursement in Q2 
    ** More than 857,438 shares change hands by 09:50 a.m. IST,
2.8x its 30-day avg
    ** Mean rating of nine analysts covering the stock is "buy";
median PT is 390 rupees - LSEG data
    ** Stock currently up 7.3%, bumping YTD gains to ~88%


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))