India's D B Realty fall as much as 9% after profit slumps

Valor Estate

31/05/2023 09:19

** Shares of D B Realty Ltd  DBRL.NS  down as much as 8.7%,
after two days of strong gains
    ** The real estate development company reports a two-fold
YoY fall in March-qtr profit, while total income rose nearly 43%
    ** The stock had gained nearly 15% in past two sessions,
helped in part by executing plan for stake disinvestment
    ** Over 1.4 mln shares change hands by 01:43 p.m. IST, 2.2x
the 30-day moving avg but less than in previous two sessions
    ** Stock last down ~6% on the day, which takes its YTD
losses to ~11%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))