Kernex Microsystems (India) hits over 6-month low after CEO resigns

Kernex Microsystems (India)

21/03/2023 07:41

** Shares of Kernex Microsystems (India) Ltd  KMIL.NS  fall
as much as 5% to 260.7 rupees
    ** Stock hits lowest level since Sept. 2, 2022, before
paring losses to 2.08%
    ** Co on Monday said that K Satyanarayana Raju has resigned
as its chief executive due to personal reasons
    ** Moving average convergence divergence (MACD) line falls
below the signal line, suggesting bearish momentum
    ** Stock trading below its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~18,900 shares as of 12:30 p.m. IST
    ** Stock edges down 0.65% this year as of last close

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