India's AGI Greenpac hits record high as Q4 profit surges

AGI Greenpac

05/05/2023 05:40

** Shares of AGI Greenpac Ltd  AGIG.NS  rise as much as 20%
to a record high of 496.10 rupees in above-avg volume
    ** Q4 profit more than doubles on strong demand for glass
packaging containers from food and beverage companies
    ** Stock posts sharpest intraday pct gain in nearly 14 yrs
    ** MACD line above signal line since April 10, suggesting
bullish momentum
    ** RSI above 70, at 81.30, suggesting stock is overbought
    ** Trading vol ~1.3 mln by 9:55 a.m. IST, 4.5x the 30-day
avg
    ** Stock last up ~19% taking YTD gains to ~50%; stock has
gained between 55% to 144% in past three years

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))