India's Monte Carlo Fashions up after Q4 profit jumps

Monte Carlo Fashions

30/05/2023 05:58

** Shares of Monte Carlo Fashions Ltd  MOCF.NS  rise as much
as 9.88% to 820.88 rupees
    ** Stock hits highest level since Sept. 23, 2022
    ** Co on Monday reported 55.3% YoY rise in Q4 consolidated
PAT and 45.7% YoY rise in rev from ops
    ** Slso recommended a final dividend of 20 rupees per share
for FY 2022-23
    ** Stock above 50-day, 100-day and 200-day exponential
moving averages since April 6, suggesting bullish trend
    ** MOCF's RSI climbs above 70, indicating it is overbought
    ** More than 244,000 shares change hands by 10:23 a.m. IST,
5.5x 30-day avg
    ** Including session's gain, stock up 18.79% YTD

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))