Shares of Repco Home Finance has surged 6% to Rs 294, also record high after its listing on the bourses in April this year.
The stock opened at Rs 286 on BSE and has seen a combined 74,436 shares changing hands on the counter till early noon deals on BSE and NSE.
The stock of housing finance company has rallied 83% from Rs 161 on April 1, first day of its listing, on BSE.
Promoted by the Government of India enterprise Repco Bank Ltd, Repco Home Finance raised about Rs 270 crore through initial public offer. The company had issued 15.7 million shares at price of Rs 172 per share.
The South-based company which provides loans for purchase or construction of residential house, is planning to foray into other markets where a significant presence such as Gujarat, West Bengal and Orissa. The company opened its first office outside South India in Pune in 2009.
Meanwhile, the company had reported around 30% year-on-year (yoy) growth in net profit at Rs 28 crore and Rs 80 crore for the quarter and full year ended March 2013 respectively.
The stock of housing finance company has rallied 83% from Rs 161 on April 1, first day of its listing, on BSE.
Promoted by the Government of India enterprise Repco Bank Ltd, Repco Home Finance raised about Rs 270 crore through initial public offer. The company had issued 15.7 million shares at price of Rs 172 per share.
The South-based company which provides loans for purchase or construction of residential house, is planning to foray into other markets where a significant presence such as Gujarat, West Bengal and Orissa. The company opened its first office outside South India in Pune in 2009.
Meanwhile, the company had reported around 30% year-on-year (yoy) growth in net profit at Rs 28 crore and Rs 80 crore for the quarter and full year ended March 2013 respectively.
