India's Dhanlaxmi Bank extends rally on quarterly rise in advances, deposits

Dhanlaxmi Bank

02/01/2024 04:15

** Shares of private lender Dhanlaxmi Bank  DNBK.NS  rise nearly 5%
    ** Bank on Monday posted 11.93% y/y growth in gross advances for the qtr
ended Dec, total deposits up 10.60% y/y
    ** If trend holds, stock set to extend its rally to fifth straight session 
    ** DNBK trading well above its 200-day simple moving avg since April 4, 2023
    ** Stock rose ~54% in 2023, its best yearly performance since listing 

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))