India's Vardhman Special Steels hits record high as mass production for Aichi starts
08/03/2023 06:05
** Shares of special steels manufacturer Vardhman Special Steels Ltd VARM.NS
rise as much as 8.74% to 374.4 rupees, hitting a record high
** VARM marks sharpest intraday pct gain since Jan. 13
** VARM on Tuesday said it started mass production of steel for forging
companies of Aichi Steel Corporation urn:newsml:reuters.com:*:nFWN35E4U0, a group company of Toyota
Motor Corporation 7203.T
** More than 249,000 shares change hands by 11:02 a.m IST, 2.7x the 30-day
avg, most active trading session since Feb. 8
** VARM's moving average convergence divergence (MACD) line above signal
line, suggesting bullish momentum
** Stock trading above 50-day, 100-day and 200-day simple moving averages
(Reporting by Anisha Ajith in Bengaluru)
((anisha.ajith@thomsonreuters.com;))