India's MPS hits record high after dissolving subsidiary

MPS

07/06/2023 09:00

** Shares of MPS  MPSL.NS  rise as much as 4.39% to a record
high of 1,219.70 rupees
    ** Rise after the publishing solutions provider dissolves
its step-down subsidiary Highwire Press
    ** Highwire's dissolution will not affect the revenues or
business of the company: MPSL
    ** Trading volume is 82,214 shares as of 1:18 p.m. IST, 1.4x
the 30-day avg - Refinitiv data
    ** The relative strength index is at 71, suggesting the
stock may be overbought
    

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