India's Dhanlaxmi Bank falls on Q1 loss

Dhanlaxmi Bank

12/08/2024 10:12

** Shares of Dhanlaxmi Bank  DNBK.NS  are down 6%, on track
for worst day since mid-Jan
    ** Co reports Q1 net loss of 80 mln rupees vs profit of 283
mln rupees a year ago
    ** In contrast to DNBK, Nifty Bank index  .NSEBANK  and
Nifty Private Bank index  .NIFPVTBNK  are up 0.5% and 0.7%,
respectively
    ** Around 4.5 mln shares traded, more than 2x their 30-day
avg
    ** Still, DNBK up 32% YTD vs 5% rise in Nifty Bank index and
2% increase in private bank index

($1 = 83.9554 Indian rupees)

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))