India's Embassy Developments rises after posting narrower sequential quarterly loss

Embassy Developments

11/08/2026 06:17

** Shares of India's Embassy Developments EMBS.NS rise as much as 6.6% to 69.60 rupees, highest since May 19
** EMBS last up 1.5%
** Co on Monday reported net loss of 2.34 billion rupees  ($24.53 million) for quarter ended June 30, vs 3.24 bln rupees for quarter ended March 31
** Co had reported net loss of 1.66 bln rupees in the same quarter last year
** Total expenses narrowed y/y to 4.79 bln rupees from 8.59 bln rupees
** More than 5.1 mln shares traded by 10:40 am, more than 2x the 30-day avg
** Stock up 12.46% YTD


($1 = 95.3875 Indian rupees)

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))