India's Fine Organic Industries up 4% on block deal

Fine Organic Industries

15/02/2023 07:32

** Shares of chemical additives maker Fine Organic
Industries  FINO.NS  rise as much as 4.31%, most intraday gain
in a week, to 4,755 rupees
    ** About 100,072 shares, or 0.33% of total equity of FINO
change hands in a block, at 4659.30 rupees - Refinitiv data
    ** The stock's relative strength index moved out of the
"oversold" territory (above 30) after two sessions on Wednesday
    ** "FINO is most active in trade in over three months since
Nov. 11, 2022
    ** About 165,684 shares change hands in total, as of 12:50
p.m. IST, five times the 30-day avg of 33,354 shares: Refinitiv
data - Refinitiv data
    ** Of the nine analysts tracking FINO, four maintain "buy",
two recommend "sell" and three suggest "hold"; median TP is
5,537.50 rupees
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))