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Repco Home zooms 42% in three days after HDFC MF buys 2% stake

The stock moved higher by 11 per cent to Rs 475 on Wednesday

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SI Reporter Mumbai
The shares of Repco Home Finance climbed 11 per cent to Rs 475 in intra-day trading on Wednesday, thus surging 42 per cent in past three trading sessions after HDFC Mutual Fund (MF) bought 2 percentage point stake in the housing finance company through open market.

On February 28, 2019, HDFC MF acquired 1.25 million equity shares, representing 2.01 per cent stake, in Repco Home Finance through various schemes. The total acquisition value would be Rs 42 crore (approx), based on the closing price of Rs 334 per share on the BSE.

“There has been an increase in the holding

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