Repco Home Finance skids 3% despite paying penalties levied by BSE and NSE

28 Feb 2022 , 01:17 PM

Repco Home Finance was trading 3.03% lower in today’s trade at Rs189.05 against its previous closing price of Rs194.95. Its scrip touched an intraday high and low of Rs194.50 and Rs185.85 respectively in today’s trade.

It’s 52-week high and low remained at Rs430 and Rs180.90 respectively. The stock is currently trading below its 200 DMA.

The Company has recently paid the fine levied by the Exchanges on February 25, 2022. 

In its regulatory filing, Repco said that “this is to hereby inform that NSE and BSE have levied a penalty of Rs.6,68,000/- plus GST i.e. Rs. 7,88,240/- each, on account of non-compliance with Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

It added that “the Company has paid the fine levied by the Exchanges on February 25, 2022. We have also made a representation to the respective exchanges for withdrawal and refund of penalty by way of a separate communication. Any further developments in this regard will be duly intimated. “

It also appointed K. Swaminathan as its Managing Director & CEO.

Repco Finance is an indian banking and finance company, having its head office in Chennai. It offers a varirty of services including savings accounts, deposits, loan products, etc. Repco is operating through 155 branches across India.

The current market cap of the company is Rs1,221.51cr with 2,10,652 shares being traded on the counter. The promoters holding in the company stood at 37.13 % while Institutions and Non-Institutions held 39.02 % and 23.85 % respectively.