Container Corporation of India hits record high after MoU with NTPC unit

Container of India

08/12/2023 05:18

** Shares of Container Corporation of India  CCRI.NS  up as
much as 2.18% at a record 860.75 rupees
    ** State-owned logistics firm said it signed MoU with NTPC
Vidyut Vyapar Nigam to develop solar projects at CCRI terminals
    ** CCRI is trading above its 50-, 100-, and 200-day simple
moving averages
    ** Stock's relative strength index is above 70, indicating
that the shares have been overbought
    ** Analysts' average rating is equivalent of "buy," their
median PT is 750 rupees - LSEG data
    ** Stock up over 14% YTD  

 (Reporting by Manvi Pant)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))