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Repco Home Finance drops on profit booking

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Capital Market

Repco Home Finance fell 2.21% to Rs 681.50 at 12:16 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 2.33 points, or 0.01% at 31,773.22. The S&P BSE Mid-Cap index was up 8.59 points, or 0.06% at 15,290.93.

On the BSE, 3,445 shares were traded on the counter so far as against the average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 697 and a low of Rs 681.20 so far during the day.

Shares Repco Home Finance had rallied 9.86% in the preceding two trading sessions to settle at Rs 696.90 yesterday, 16 August 2017, from its close of Rs 634.35 on 11 August 2017.

 

Repco Home Finance's net profit rose 14.24% to Rs 45.16 crore on 7.66% increase in total income from operations to Rs 265.82 crore in Q1 June 2017 over Q1 June 2016.

Repco Home Finance (RHFL) is one of the leading housing finance companies in India.

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First Published: Aug 17 2017 | 12:18 PM IST

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