India's Dhanlaxmi Bank rises after provisional March qtr update

Dhanlaxmi Bank

03/04/2023 08:01

** Shares of Dhanlaxmi Bank  DNBK.NS  rise as much as 6.9%
to 15.45 rupees, posting highest intraday pct gain since March 1
    ** Bank says its provisional total deposits up 7.45% YoY at
133.27 bln rupees ($1.62 bln) as of qtr ending March 31
    ** Gross advances up 16.85% at 98.67 bln rupees, while gold
loans up 23.39%
    ** Stock crosses 200-day moving average, but remains below
50- and 100-day moving averages
    ** Moving Average Convergence Divergence (MACD) line above
the signal line, suggesting bullish momentum
    ** More than ~1.4 mln shares traded by 12:12 p.m. IST,
slightly above 30-day avg
    ** Stock last up 4.8%, cutting year to date losses to 23.7%

($1 = 82.3830 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))