India's BLB drops as Q3 profit slumps

BLB

17/01/2023 09:50

** Shares of BLB Ltd  BLB.NS  fall as much as 5.6% to 31.3
rupees after co reports ~80% plunge in Q3 profit
    ** The securities brokerage services co said it earned 5.9
million rupees (~$72,000) for the quarter ended Dec. 2022
    ** Revenue from operations also down ~30% to 810.8 million
rupees
    ** Stock rose as much as 7.7% before co reported results
    ** About 185,000 shares change hands by 2:50 p.m. IST vs
30-day avg of more than 449,000 shares
    ** Stock up 10.3% last year
($1 = 81.8000 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))