India's E2E Networks climbs on order win

E2E Networks

31/03/2023 08:23

** Shares of E2E Networks Ltd  EENE.NS  rise as much as 10%
to 165.9 rupees, highest since Jan. 18
    ** Co says that it received a work order worth 27.6 mln
rupees ($335,899.23) from Indian Institute of Technology, Madras
    ** Stock jumps above 50-, 100- and 200-day moving averages
    ** Stock trading above its moving average convergence
divergence line (MACD), indicating bullish sentiment
    ** More than 8,200 shares change hands by 12:40 p.m. IST,
slightly above 30-day avg
    ** Stock down 13.2% YTD up to last close

($1 = 82.1675 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))