India's Aegis Logistics hits record high

Aegis Logistics

08/03/2023 07:01

** Shares of Aegis Logistics Ltd  AEGS.NS  rise as much as
7.56% to an all-time high of 401.85 rupees
    ** Oil, gas and chemicals logistics firm rises most since
Feb. 23
    ** Stock's relative strength index above 70, indicating it
is overbought
    ** Stock trading above its 50-, 100-, and 200-day moving
averages, suggesting bullish bias
    ** Trading volume at ~2.38 mln shares, nearly thrice the
30-day avg of ~809,100 shares as of 12:20 p.m. IST 
    ** Three of the five analysts covering the stock have a
"buy" rating, one has "hold" while one rates it at "sell";
median PT is 380 rupees - Refinitiv data
    ** Up to last close, stock was up 7.5% so far this year


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