Repco Home Finance rebounds 11% from day's low

The stock slipped 4% to Rs 327 on Friday in early morning , extending its yesterday's 4% fall, after Pabrai Investment Fund IV LP sold 948,535 shares at an average market price of Rs 335.87 per share.

Shares of Repco Home Finance moved higher by 7% at Rs 364, bouncing back 11% from its early morning low on the back of heavy volumes. The stock of housing finance company slipped 4% to Rs 327 on Friday in early morning trade, extending its yesterday’s 4% decline on BSE after value investor Mohnish Pabrai's fund sold more than one percentage point stake in home lender for Rs 319 million on Thursday via the bulk deal.

On November 30, the Pabrai Investment Fund IV LP sold total 948,535 equity shares at an average market price of Rs 335.87 per