India's Godrej Agrovet sinks to near 33-month low

Godrej Agrovet

14/03/2023 06:58

** Shares of animal feed producer Godrej Agrovet Ltd
 GODE.NS  fall as much as 2.2% to 422.50 rupees, lowest since
June 19, 2020
    ** GODE shares mark their biggest intraday pct drop since
Feb. 22, fall for fourth-straight session
    ** Stock's relative strength index seen below 30 for first
since Nov. 23, 2022, indicating it is oversold
    ** Over 46,000 shares change hands by 12:27 p.m. IST, 0.8x
their 30-day avg volume
    ** Eight analysts' average rating of the stock is "buy"   
    ** Stock down nearly 10% so far this year at current levels

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