India's Repco Home Finance rises on Q2 profit jump

Repco Home Finance

13/11/2024 06:22

** Shares of Repco Home Finance  RHFL.NS  rise 5% to 484.75
rupees; set for best day since late Aug, if gains hold
** Home loan financier reports a 14.5% rise in Sept-qtr consol
net profit at 1.09 billion rupees ($12.9 million) while total
rev from ops rose 9%
    ** RHFL on track to snap a three-day losing streak
    ** Busiest session in over a month; more than 288,000 shares
change hands, over two times the 30-day avg 
    ** Avg rating of eight analysts covering the stock at "buy";
rival Can Fin Homes  CNFH.NS  also rated "buy" - LSEG data
    ** RHFL's median PT is at 562.50 rupees - LSEG data
    ** Stock up ~24% so far this year vs a ~6% rise in CNFH
     
     
    ($1 = 84.4000 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))