India's Equitas Small Finance Bank posts biggest intraday pct gain in nearly 2 months

Equitas Small Finance Bank

20/02/2023 08:12

** Shares of Equitas Small Finance Bank  EQUI.NS  rise as
much as 7.8% to 63 rupees, marking sharpest intraday pct gain
since Dec. 27, 2022
    ** Stock hits highest level since Jan. 4, 2023
    ** Share trading above 50-day, 100-day and 200-day moving
averages, suggesting bullish trend
    ** EQUI's relative strength index above 70, indicating it is
overbought
    ** Stock's moving average convergence divergence line above
the signal line since Feb. 9, indicating a bullish bias
    ** Stock sees most active trading session since Jan. 4;
trade volume at 3.8x 30-day avg of 2.5 mln shares as of 1:04
p.m. IST
    ** All 14 analysts covering the stock have a "buy" or
"strong buy" rating; median PT is 73 rupees - Refinitiv data
    ** Stock fell 1.9% last year, compared to a 3% rise in the
Nifty 500 Index  .NIFTY500 
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))