India's Goldstone unveils JV with Quantron, hits upper circuit

Aion-Tech Solutions

01/06/2023 07:33

** Shares of Goldstone Technologies Ltd  GOLD.NS  open 5%
higher at 66.20 rupees, hitting its upper circuit as per NSE
    ** Co unveils joint venture with Germany's Quantron AG in
the mobility solutions industry for fleet management
    ** JV to be headquartered from Augsburg in Germany and
Hyderabad in India; plan to set up U.S. entity by Q3 2023
    ** Stock above its 50-, 100-, and 200-day exponential moving
averages since April 25
    ** Stock's MACD line above the signal line since May 26,
suggesting bullish momentum
    ** About 11,700 shares change hands by 11:42 a.m. IST, vs
30-day avg of ~39,000 shares
    ** Stock up 32.7% so far this year, up to last close

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