India's Kokuyo Camlin hits over 4.5-yr high on tripled Q4 profit

Kokuyo Camlin

23/05/2023 08:21

** Shares of Kokuyo Camlin Ltd  KOCL.NS  rise as much as
6.6% to 117.8 rupees, their highest since Oct, 2018
    ** Stationery maker said Q4 net profit nearly tripled; total
revenue from operations rose ~32% Y/Y
    ** About 1.8 mln shares change hands by 12:44 p.m. IST, 4.6x
the 30-day avg - Refinitiv Data
    ** If trends hold, stock on track to advance for third
consecutive session
    ** Stock trading above its 50-, 100-, and 200-day moving
averages and moving average convergence divergence line is over
the signal line, both suggesting bullish momentum
    ** Relative Strength Index over the upper limit, indicating
that the stock is oversold
    ** Stock last up 2.1%, extending YTD gains to 32.3%


($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))