India's Dhanlaxmi Bank jumps 5% after quarterly update

Dhanlaxmi Bank

03/07/2023 09:38

** Shares of Dhanlaxmi Bank  DNBK.NS  rise as much as 5.22%
to 18.15 rupees
    ** DNBK in its June quarterly update said its provisional
total deposits grew 6% YoY, provisional gross advance rose 15%
YoY
    ** Added, provisional total business grew 10% YoY to 234.18
bln Indian rupees ($2.86 bln)
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** Stock is witnessing its most active trading session since
Jan. 3
    ** More than 5 mln shares change hands by 1:59 p.m. IST, 4x
30-day avg of 1.2 mln shares
    ** Including session's gain, stock pares some of its losses,
last down 9.6% YTD



($1 = 81.9450 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))