India's Cheviot jumps 16% in most active trading session

Cheviot

22/06/2023 07:47

** Shares of Indian jute products maker Cheviot Co Ltd
 CHVI.NS  rise as much as 16% to 1321.950 rupees, their
biggest-ever intraday pct gain
    ** Stock currently up 10.2%, on track for best day since
Aug. 1 – if gains hold
    ** CHVI's relative strength index well above 70, indicating
stock is "overbought"
    ** Around 63,000 shares change hands by 12:11 p.m. IST in
stock's most active trading session
    ** Stock up 7.8% YTD and 1.3% since listing on June 20 last
year

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))