India's Isgec Heavy Engineering hits 52-week high on upping production capacity

Isgec Heavy Engineering

20/06/2023 08:24

** Shares of Isgec Heavy Engineering  ISGE.NS  rise as much
as 5.31% to 52-week high of 669.95 rupees
    ** Uptick after the engineering firm's unit Saraswati Sugar
Mills enhances production capacity of its ethanol plant from 100
kilolitres per day to 160 kilolitres per day
    ** Enhanced capacity added to commercial production on
Monday: ISGE
    ** Trading volume of 225,142 shares as of 12:41 p.m. IST
nearly the same as the 30-day avg - Refinitiv data
    ** Stock up 39% in 2023 so far compared to more than 3% rise
for Nifty 50 index  .NSEI 
    ** Relative strength index above 70 on Tuesday, suggesting
the stock may be overbought
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))