Indian chemical manufacturer Hikal jumps most in over 2 months

Hikal

15/03/2023 06:59

** Shares of chemical manufacturer Hikal Ltd  HIKA.NS  rise
as much as 8.8% to 309 rupees, marking their sharpest intraday
pct gain since Dec. 30
    ** Stock marks its most active trading session in over 2
months since Jan. 12 
    ** More than ~1.1 mln shares change hands by 12:08 p.m. IST,
5.4x the 30-day avg of 201,639 shares
    ** The Moving Average Convergence Divergence (MACD) line
continues to stay above signal line since March 3, suggesting
bullish momentum
    ** HIKA shares hit their highest since March 9
    ** Stock last up 6.1%, cutting YTD losses to 26.5%


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))