India's Greenpanel Industries surges in busiest session ever

Greenpanel Industries

19/04/2023 10:04

** Greenpanel Industries Ltd's shares  GREP.NS  jump nearly
13% to 309 rupees, set for best one-day pct gain since Nov 2019
    ** Trading vol nearing 5 mln shares as of 2:30 p.m. IST,
over 16x its 30-day avg and marking stock's busiest day ever
    ** Trading vol of 1.2 mln shares on Tues was stock's highest
in nearly 5 mths, but stock ended marginally lower on the day
    ** Stock is coming off a 4-mth losing run in which it lost
~30%, incl hitting a 52-week low of 255 rupees on March 29
    ** Stock's surge helps it reclaim its 50- and 100-day simple
moving avgs; its MACD above signal line, suggesting bullish bias
    ** 9 of the 12 analysts covering GREP rate it "buy" or
"strong buy", 2 "hold" and 1 "sell"; median PT is 459 rupees

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))