India's Aptech hits record high after Q4 profit jump

Aptech

25/05/2023 05:58

** Shares of Aptech Ltd  APTA.NS  rise as much as 9.29% to
hit a record high of 528 rupees
    ** Co on Wednesday reported 30.6% Y/Y rise in Q4
consolidated profit while its revenue jumped nearly 3-fold
    ** The education co also declared interim dividend of 6
rupees per share for FY23 and approved issue of bonus shares in
the ratio of 2:5
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** APTA's relative strength index above 70, indicating it is
overbought
    ** Stock is witnessing its most active trading session since
Oct. 27, 2022
    ** More than 1.8 mln shares change hands by 10:15 a.m. IST,
5.1x the 30-day avg of 363,261 shares
    ** Including session's gain, stock up 56.7% YTD


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