India's Dilip Buildcon hits record low, set for fifth session of loss

Dilip Buildcon

24/03/2023 05:50

** Shares of construction and engineering co Dilip Buildcon
Ltd  DIBL.NS  fall as much as 1.1% to 177.35 rupees, its lowest
ever level
    ** Stock on track to fall for fifth consecutive session, if
losses hold
    ** Stock below its 50-, 100-, and 200-day moving averages
    ** Moving average convergence divergence (MACD) line is
under signal line, suggesting bearish momentum
    ** Relative strength index (RSI) of stock below lower limit
of 30, indicating it is oversold
    ** Nearly 73,000 shares traded as of 10:56 am IST, 0.3X the
30-day moving average
    ** Stock fell 51% last year

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))