India's Aditya Birla Sun Life AMC down after Q2 profit fall

Aditya Birla Sun Life Amc

27/10/2023 05:56

** Shares of Aditya Birla Sun Life AMC  ADIE.NS  fall as
much as 4.8% to 423 rupees, their steepest intraday pct decline
since March 27
    ** Co's Q2 consolidated net profit fell 7.1% YoY 
    ** Expenses surged 11.3% after a jump in employee benefit
expenses; revenue climbed 7.7% 
    ** Mean rating of eight analysts is "hold;" median PT is 437
rupees - LSEG data
    ** Stock last down 2.7%, taking YTD decline to 5%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))