India's Muthoot Capital Services hits over 1-1/2-yr high

Muthoot Capital Services

06/06/2023 08:13

** Shares of Muthoot Capital Services Ltd  MUTH.NS  rise as
much as 4.7% to 383 rupees
    ** MUTH shares hit their highest since Nov. 23, 2021
    ** If trends hold, stock on track to advance for eighth
consecutive session
    ** About 100,188 shares change hands by 12:30 p.m. IST, 1.1x
the 30-day avg - Refinitiv Data
    ** Since April 19, stock is trading above its 50-, 100-, and
200-day exponential moving averages
    ** Moving Average Convergence Divergence (MACD) line of the
stock is over the signal line for five straight sessions,
suggesting bullish bias 
    ** Relative Strength Index (RSI) is over the upper limit of
70 for four sessions, indicating that the stock is overbought
    ** Stock last up 2.3%, extending YTD gains to ~38%


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