India's Monte Carlo Fashions hits over 3-mth high on Q4 sales growth

Monte Carlo Fashions

17/04/2023 08:18

** Shares of Monte Carlo Fashions Ltd  MOCF.NS  rise as much
as 4% to 693.40 rupees, their highest since Jan. 12
    ** Apparel co reports highest-ever jump of 36% Y/Y in sales
for March quarter
    ** Stock on track to rise for fourth consecutive session, if
trends hold
    ** Stock trading above its 50- and 100-day moving averages
    ** Moving average convergence divergence line is over signal
line, suggesting bullish bias
    ** About 88,300 shares change hands by 12:34 p.m. IST, 1.3x
the 30-day avg of 68,755 shares
    ** Stock down ~3.5% so far this year, as of last close


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