India's Kirloskar Electric surges to near 13-year high; stock in overpurchased zone

Kirloskar Electric

20/04/2023 11:03

** Shares of Kirloskar Electric Co Ltd  KREL.NS  surge 20%
in intraday trade to 99.95 rupees, highest in nearly 13 years
    ** Stock is most active since December 2015, with volumes
climbing to 8.99 mln shares, as of 1520 p.m. IST, more than 22
times the 30-day avg
    ** The relative strength index of the stock is 81,
suggesting it is overbought
    ** The MACD (moving average convergence divergence) line has
been above the signal line since April 3, suggesting bullish
bias
    ** Above 670,121 shares change hands in a block, at a price
of 99.95 rupees per share




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