India's Asian Energy Services rises after promoter adds stake

Asian Energy Services

29/03/2023 05:49

** Shares of Asian Energy Services  ASIE.NS  rise as much as
3.2% to 105.65 rupees, their highest since March 24
    ** Stock on track for a second consecutive session of gains 
    ** Promoter group Oilmax Energy Pvt Ltd bought 214,160
shares of co on Tuesday, according to NSE data 
    ** The relative strength index of the stock is 72,
suggesting that it may be overbought - Refinitiv data
    ** Stock's moving average convergence divergence line is
above signal line since March 6, suggesting bullish bias
    ** As of last close, stock up 40.5% so far this year after
falling 46.1% in 2022

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))