India's 5paisa Capital hits 1-1/2-yr high on Q4 profit surge

5Paisa Capital

13/07/2023 05:36

** Shares of 5paisa Capital Ltd  PAIS.NS  rise as much as
6.34% to 444.3 rupees, highest since Jan. 17, 2022
    ** Online brokerage firm reported a 94% rise y/y in June-qtr
profit to 145.8 mln rupees ($1.8 mln), aided by lower expenses
    ** Total rev from ops rose about 1% to 845.3 mln rupees
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Relative strength index (RSI) above 70, indicating stock
is overbought
    ** Trading volume at ~329,900 shares, 3x the 30-day avg of
~111,700 shares as of 9:50 a.m. IST 
    ** Stock last up ~42% YTD
    
    ($1 = 82.0094 Indian Rupees)


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))