UCO Bank surges to three-year high amid block deals

Kirloskar Oil Engines

22/11/2022 04:54

** Shares of UCO Bank  UCBK.NS  rise over 14% to 21.35
Indian rupees ($0.2614), a three-year high
    ** Stock on course to gain for the fifth day in a row
    ** Over 25.40 mln shares change hands in multiple tranches
via block deals
    ** About 118.59 mln shares traded as of 0447 GMT, more than
5x the 30-day average of 18.43 million    
    ** The relative strength index is 88, suggesting the stock
may be overbought
($1 = 81.6750 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com))