India's Campus Activewear drops to nine-month low on TPG Global's exit

Campus Activewear

27/03/2023 10:42

** Shares of Campus Activewear  CAMU.NS  fall nearly 4% to
325.15 rupees, lowest in nearly nine months since July 1, 2022
    ** Stock has fallen nearly 12% over last four days
    ** Fall comes after TPG Global sells off entire stake of
23.2 mln shares at average price of 347.24 rupees apiece
    ** Foreign investors Fidelity Investments and Societe
Generale pick up 2.98% stake in footwear maker via open market
transactions
    ** Relative strength index on CAMU is 23, suggesting stock
may be overbought
    ** Trading volume is 1.54 mln shares as of 3:03 p.m. IST,
0.8x the 30-day avg of 2.01 mln shares
    ** Of the five analysts tracking CAMU, four maintain "buy"
and one suggests "sell"; median PT is 470 rupees - Refinitiv
data


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))