India's MMTC hits over 2-yr low

MMTC

28/02/2023 06:59

** Shares of India-based trading co MMTC Ltd  MMTC.NS  fall
as much as 1.5% to 30.10 rupees, hitting their lowest since Feb.
23, 2021
    ** Stock trading below its 50-,100- and 200-day moving
simple averages
    ** Relative Strength Index at 26.505, suggesting the stock
is oversold which indicates bearish momentum
    ** The moving average convergence divergence (MACD) line is
below the signal line, suggesting bearish bias on the stock
    ** About 330,930 shares change hands by 12:05 p.m. IST, 0.5x
30-day avg of 670,892 shares
    ** Stock down 19.2% so far this year, up to last close


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))