India's Jindal Saw rises on bulk deal

Jindal Saw

20/02/2024 07:26

** Shares of Jindal Saw  JIND.NS  up 2.2% after climbing as
much as 6.3% earlier in the session to a record high of 558.5
rupees
    ** About 2.4 million shares of the pipe supplier change
hands in bulk deal on Tuesday, National Stock Exchange data
shows
    ** Shares traded at 521 rupees/shr - 0.8% discount to
stock's last close
    ** JIND set to rise for a seventh straight quarter
    ** Stock has been above its 100-day, and 200-day simple
moving avgs since Nov. 2022, indicating bullish sentiment
    ** Stock rose 4X in 2023, its second-highest yearly gain
since its listing in 1994




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))