India's Repco Home Finance up on Q4 profit rise

Repco Home Finance

15/05/2024 06:50

** Shares of Repco Home Finance  RHFL.NS  rise as much as
8.6% to 525 rupees, last up 2.6%
    ** Co reports a near 32% rise in March-quarter consol net
profit at 1.08 billion rupees ($12.9 million)
    ** RHFL on track for second straight session of gains; had
risen 2% in March-qtr, logging fourth consecutive quarterly gain
    ** Busiest session for stock since late April, more than
590,000 shares change hands, two times the 30-day avg
    ** Avg rating of eight analysts covering the stock is "buy";
median PT is 490 rupees - LSEG data
    ** Stock up ~26% YTD; had gained 70% in 2023 - its biggest
yearly gain since 2014


($1 = 83.5000 Indian rupees)

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