India's Indigo Paints eyes best winning run in 9 months

Indigo Paints

08/05/2023 07:39

** Shares of Indigo Paints Ltd  INDG.NS  up for sixth
straight session, set for longest winning streak since Aug. 4,
2022, if gains hold    
    ** INDG shares rise as much as 7.1% to 1,295 rupees, their
highest since Jan. 9
    ** Stock marks it biggest intraday pct jump in the six-day
rally during which it gained 12.4% at current levels
    ** Paint maker's shares mark most active session during this
period, with over 373,000 shares changing hands by 11:57 a.m.
IST
    ** Seven analysts covering stock rate it "hold" on average;
median PT is 1,190 rupees - Refinitiv data
    ** At current levels, stock's YTD losses trimmed to 2.2%


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