India's Aegis Logistics up 8% after four sessions of losses

Aegis Logistics

06/06/2023 08:27

** Shares of Aegis Logistics Ltd  AEGS.NS  rise as much as
7.5% to 342 rupees, their biggest intraday pct gain since Apr. 5
    ** Co which imports, distributes and stores LPG, set to snap
four-day losing run, if gains hold
    ** Stock's intraday high crosses 200-day simple moving
average price of 333.64 rupees
    ** AEGS also back to regular trading after sinking to
"oversold" territory over last 2 sessions
    ** Stock most traded since Feb. 3, with over 4 mln shares
changing hands   
    ** Five analysts covering the stock rate it "hold" on
average; median PT is 374 rupees - Refinitiv data
    ** At current levels, stock trims YTD losses to around 3.8%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))