India's Repco Home Finance jumps on Q3 profit rise

Repco Home Finance

13/02/2024 08:01

** Shares of Repco Home Finance  RHFL.NS  up as much as 7.4% to
456 rupees
    ** Stock has since pared some gains, now up 5.3% 
    ** The lender reported a 23% rise in its consolidated net
profit to 994.4 mln rupees (about $12 million) for the Dec-qtr 
    ** Total revenue from operations rose 18.4%
    ** Stock has been trading above its 200-day moving avg since
May 
    ** More than 426,000 shares change hands by 1:28 p.m. IST,
1.3x its 30-day avg
    ** Mean rating of eight analysts covering the stock is
"buy"; median PT is 450 rupees - LSEG data
    



($1 = 82.9840 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))