India's Madras Fertilizers surges 20% in active session

Madras Fertilizers

12/04/2023 11:09

** Shares of Madras Fertilizers Ltd  MDFT.NS  surge 20%,
highest intraday gain in over a year, to 71.45 rupees
    ** Relative strength index of the stock is 75, suggesting it
may be overbought
    ** MDFT most active in four months since mid-December, with
trading volume at 12.26 mln shares as of 3:23 p.m., nearly 20
times the 30-day avg of 646,335 shares - Refinitiv data
    ** The MACD (moving average convergence divergence) line is
above the signal line since April 3, suggesting bullish bias
    ** About 586,358 shares change hands in a block as of 3:23
p.m. IST, at a price of 70.60 rupees per share

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