India's Atul Ltd hits lowest in nearly 2 years

Atul

13/03/2023 07:48

** Shares of Atul Ltd  ATLP.NS  fall as much as 2.9% to
6,790 rupees, their lowest since March 22, 2021
    ** Fall marks chemical manufacturer's biggest intraday pct
loss in over one month
    ** Moving average convergence divergence (MACD) line crossed
below the signal line, suggesting bearish momentum on the stock
    ** Stock trading below its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~20,000 shares, below the 30-day avg of
~30,000 shares as of 1:00 p.m. IST 
    ** Two of the eight analysts covering the stock have a 'buy'
or higher rating, four have 'hold,' while two rate it at 'sell'
or lower; median PT is 8,532 rupees - Refinitiv data
    ** Up to last close, stock was down more than 15% so far
this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))