India's Jash Engineering rises most in over 7 weeks after order updates

Jash Engineering

10/03/2023 08:28

** Shares of Jash Engineering Ltd  JSHE.NS  rise as much as
4.7% to 899 rupees, biggest intraday pct gain since Jan. 17
    ** Water-intake equipment manufacturer says consolidated
orders received in the February are worth 190 mln rupees ($2.32
mln) 
    ** Co said as on March 1 its total consolidated order book
position is at 6.88 bln rupees ($83.86 mln)
    ** Moving average convergence divergence (MACD) line crossed
above the signal line on Friday, suggesting bullish momentum
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Up to last close, stock was up 3.4% this year



($1 = 82.0400 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))