India's EIH surges most in nearly 8 months

EIH

28/04/2023 08:37

** Shares of Indian luxury hotel manager EIH Ltd  EIHO.NS 
rise as much as 10.6% to 189.70 rupees, their biggest intraday
pct jump since Sept. 7, 2022
    ** EIHO jumps to its highest level since Nov. 4, 2022
    ** Over 5.2 mln shares change hands by 12:55 p.m. IST,
marking their most active trading session since Sept. 7
    ** Relative strength index (RSI) of co – which manages the
Oberoi brand of hotels, above 70 – suggesting stock is in
"overbought" zone
    ** Stock turns YTD positive at current levels; up 6.4% in
2023


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