Repco Home declines after recent sharp rally

Repco Home Finance fell 2.78% to Rs 882.75 at 15:03 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 49.91 points, or 0.16% at 31,153.40.The S&P BSE Mid-Cap index was down 24.39 points, or 0.16% at 14,773.81.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 29,000 shares in the past two weeks. The stock had hit a high of Rs 913.85 and a low of Rs 860.25 so far during the day. The stock had hit a record high of Rs 923 on 13 June 2017 and a 52-week low of Rs 499.50 on 20 December 2016.

Repco Home Finance had rallied 16.66% in the preceding three trading sessions to settle at Rs 907.95 yesterday, 13 June 2017, from its close of Rs 778.25 on 8 June 2017.

Repco Home Finance's net profit rose 19.8% to Rs 50.59 crore on 13.9% increase in total income to Rs 273.66 crore in Q4 March 2017 over Q4 March 2016.

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

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