India's Embassy REIT falls after CEO resigns

Embassy Office Parks REIT

05/11/2024 04:16

** Shares of Embassy Office Parks REIT  EMBA.NS  fall as
much as 2.8% to 392 rupees
    ** The real estate investment trust said on Tuesday Aravind
Maiya will be stepping down as CEO of Embassy REIT, effective
immediately, after SEBI's interim order
    ** SEBI said on Monday that Maiya was not fit to hold the
position
     ** Stock on track to snap three consecutive sessions of
gains, if trend holds     
    ** Avg rating of 14 analysts equivalent of "buy", median PT
is 420 rupees - LSEG data
    ** Stock rose 1.4% in Oct, its fifth straight monthly gain
    ** Stock last down 1.3%, cutting YTD gains to 22.4%




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