India's Dreamfolks Services rises on qtrly profit jump

Dreamfolks Services

23/05/2023 10:14

** Shares of Dreamfolks Services Ltd  DREM.NS  up as much as
6.09% to 540.9 rupees, their highest since Sept. 6
    ** Stock sees sharpest intraday pct gain since May 10; on
track for second consecutive session of gains if trends hold
    ** DREM reported a nearly three-fold jump in March qtr
profit on an over two-fold increase in revenue
    ** About 1.7 million shares change hands as of 2:26 p.m.
IST, vs 7.4x 30-day average 
    ** Stock up ~40% YTD as of last close

($1 = 81.7800 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))