India's Bannari Amman Sugars sees worst day in 9 mths on workers strike

Bannari Amman Sugars

14/03/2023 06:13

** Shares of sugar maker Bannari Amman Sugars Ltd  BANN.NS 
fall as much as 8% to 2,532.10 rupees, marking sharpest intraday
pct loss since June 20, 2022
    ** Stock hits lowest level since Aug. 12, 2022; on track for
a fourth consecutive session of losses
    ** BANN on Monday said Workmen Union at two units called for
strike from March 10 for wage settlement and other demands 
    ** Stock trading below 50-day, 100-day, 200-day simple
moving averages
    ** Relative Strength Index (RSI) close to hitting lower
limit, indicating it is oversold
    ** Stock down 1.48% so far this year, was up ~4.44% in 2022


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))