India's Aarti Drugs hits near 3-year low

Aarti Drugs

13/03/2023 07:23

** Shares of drugmaker Aarti Drugs Ltd  ADRG.NS  down as
much as 1.8% to 334 rupees, their lowest since July 14, 2020
    ** Stock has been trading below its 50-day (401.36), 100-day
(430.20) and 200-day (432.40) simple moving avgs since Feb. 6,
2023
    ** ADRG's relative strength index (RSI) seen below 30,
indicating that stock is oversold
    ** If losses hold, stock on track to fall for a fifth
consecutive session 
    ** Over 119,000 shares change hands, 1.0x the 30-day moving
avg 
    ** As of last close, stock down 26.1% so far this year

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))