India's Alkyl Amines Chemicals hits near 23-month low

Alkyl Amines Chemicals

13/03/2023 07:35

** Shares of Alkyl Amines Chemicals  ALKY.NS  fall as much
as 1.4% to 2,460 rupees, lowest since Apr. 23, 2021
    ** Stock marks sharpest intraday pct loss since Feb. 22,
2023; on track for a third consecutive session of loss
    ** Share trading below 50-day, 100-day and 200-day moving
averages, suggesting bearish trend
    ** More than 10,000 shares change hands by 12:46 p.m. IST vs
30-day avg of 18,500 shares
    ** Two out of four analysts rate stock equivalent of 'buy',
1 'hold' and 1 'strong sell;' median PT is 2,854.50 rupees -
Refinitiv data
    ** Stock fell ~25% last year, compared to a 3% rise in the
Nifty 500 index  .NIFTY500 

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))