India Shelter Finance Corp climbs on March-quarter profit rise

India Shelter Finance

09/05/2024 07:28

** Shares of housing finance company India Shelter Finance
Corporation  IDNI.NS  rise as much as 9.2% to 628.55 rupees 
    ** Stock of IDNI climbs after 3 days of straight losses 
    ** IDNI on Wednesday reported a 46.8% rise in its
consolidated March-qtr net profit to 779.3 million rupees ($9.3
million) 
    ** Its total revenue from operations rose to 2.35 billion
rupees from 1.7 billion rupees a year ago
    ** Stock eyes busiest trading session in about 3 weeks,
volumes at nearly 2.8x the 30-day avg 
    ** Stock up 6.2% YTD so far; the company listed on December
20, 2023 



($1 = 83.4930 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))