India's Craftsman Automation hits record high

Craftsman Automation

14/07/2023 08:51

** Shares of Craftsman Automation  CRAF.NS  rise as much as
9.74% to hit a record high of 4,532 rupees
    ** Stock on track for a fifth consecutive session of gain,
if trends hold
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since May 9, suggesting bullish trend
    ** CRAF's relative strength index above 70, indicating it is
overbought
    ** Stock is witnessing its most active trading session since
Dec. 30, 2022
    ** More than 229,000 shares change hands by 12:59 p.m. IST,
5.2x 30-day avg 
    ** All seven analysts covering the stock have a "buy" or
"strong buy" rating; median PT is 4,000 rupees - Refinitiv data
    ** Including session's gain, stock up 28.3% this year


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))