India's B L Kashyap and Sons jumps on order win

B L Kashyap and Sons

13/04/2023 05:06

** Shares of B.L. Kashyap and Sons  BLKS.NS  up as much as
6.02% to 37 rupees, their highest since Dec. 8
    ** Co on track for sixth consecutive session of gains if
trends hold
    ** Civil engineering and construction co said it received
order aggregating to approx 1.41 billion rupees ($17.2 million)
    ** BLKS is trading above its 50-, 100-, and 200-day simple
moving averages, indicating bullish sentiment 
    ** Co's relative strength index is above 70, indicating that
stock has been overbought 
    ** About 588,120 shares change hands as of 09:27 a.m. IST,
vs 1.6x 30-day average of 358,164 shares 
    ** Stock up 8.05% YTD as of last close, after posting three
consecutive years of gain
   
($1 = 81.9870 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))