India's Goldiam International up nearly 7% on share buyback plan

Goldiam International

04/05/2023 09:24

** Shares of Goldiam International Ltd  GOLI.NS  rise as
much as 6.7% to 154.40 rupees, mark sharpest intraday pct gain
since Feb. 20
    ** The jewellery maker and exporter said it will consider
share buyback proposal on May 20
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** Stock's moving average convergence divergence (MACD) line
above the signal line since Mar. 31, indicating a bullish bias
    ** More than 466,000 shares change hands by 1:39 p.m. IST,
2x 30-day avg of 228,060 shares
    ** Stock up 7.15% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))