Shares of Repco Home Finance hit new highs. Know why
Advertisement
Advertisement
Shares of Repco Home said its first quarter Net Profit rose 22 percent to 30.2 crore rupees compared with 24.8 crore rupees in the same quarter a year ago. Sales during April-June gained 28 percent to 200 crore rupees from 156 crore rupees in the year ago period.
Repco rose 15 rupees, or 2 percent, to 753.50 rupees, a record high on the National Stock Exchange, where 2.13 lakh shares were traded by 12:40 pm compared with the 5-day average of 1.12 lakh shares.
Repco's market capitalisation has jumped 72 percent in the past one year to 4,677 crore rupees as investors bought into a growing appetite for home loans in middle income Indians.
Image credit: Indiatimes
Advertisement
Advertisement
- 5 things to avoid doing if your phone gets wet
- Intense rains quench Uttarakhand’s wildfire frenzy; Supreme Court tells state govt. to stop relying on rain god
- IPL decoded: Can RCB still qualify? Probabilities of IPL teams qualifying for the playoffs
- IPL decoded: Hasty 100s - The fastest centuries in IPL 2024 so far
- 5 pasta types for home cooking enthusiasts