India's Aditya Birla Sun Life AMC falls after quarterly profit declines
Wed 10:08
BUZZ-India's Aditya Birla Sun Life AMC falls after quarterly profit declines ** Shares of India's Aditya Birla Sun Life AMC ADIE.NS fall 3.4% to 926.05 rupees
** Asset management co reports September-quarter consolidated net profit declines 8.3% Y/Y to 2.21 billion rupees ($23.35 million) from 2.41 billion rupees a year earlier
** Adds that its consolidated revenue from operations rose 5% Y/Y to 4.84 billion rupees
** Stock rated "buy" on average by 14 analysts; median PT is 1,172.50 rupees -- LSEG compiled data
** Stock up 15% YTD
($1 = 94.6275 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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